Saputo Inc

Food & Drink Weekly, June 2, 2003

Saputo Inc., the largest dairy processor in Canada, has bought the Treasure Cave and Nauvoo blue cheese brands as well as certain related assets from U.S.-based ConAgra Foods Inc., the company said. Montreal-based Saputo, which is also one of the leading cheese producers in North America, did not disclose details of the deal with ConAgra, the No.

2 U.S. food maker whose other brands include Butteball turkeys and Chef Boyardee. It said the purchased assets generate annual revenues of about $20 million and make Saputo the leader in the U.S. blue cheese retail market.