The $1.45 billion deal is expected to close by the end of the year.
December 3, 2012
Dean Foods Co. is selling its Morningstar Foods division to Saputo inc. for $1.45 billion on a debt-free basis. The transaction is expected to close by the end of December 2012.
Fonterra said it has an agreement to buy the milk processing assets of the New Zealand Dairies Ltd group in South Canterbury. The Russian-owned dairy factory was placed into receivership on 17 May 2012.