CANADIAN DAIRY ACQUIRES CAL CHEESE PLANT
 TULARE – 02/26/07 – One of Canada’s largest dairies, Saputo Cheese Inc., has acquired the Cheese & Protein International cheese production facility in the San Joaquin Valley agricultural community of Tulare about $216 million.
Cheese & Protein International is a subsidiary of Land O’Lakes, the national farmer-owned food agricultural cooperative headquartered in Arden Hills, Minnesota.
The plant supplies a variety of cheese products to Montreal, Canada-based Saputo Cheese Inc.
As part of the sale, Saputo Cheese USA Inc. – Saputo Cheese Inc.’s US subsidiary – has agreed to purchase 2 billion pounds of milk annually from Land O'Lakes and its members include dairy owners across the US, including California's Tulare County, which ranks as the No. 1 milk producing county in the nation.
Land O'Lakes generated sales of more than $7 billion last year.
In the press release announcing the Cheese & Protein International acquisition, the company said that it will continue to operate cheese manufacturing plants in Tulare and Orland, California, as well as facilities in both Minnesota and Wisconsin.
Company officials said no staffing changes are planned at the Tulare plant, which employs 530 full- and part-time workers.
The sale of is expected to close April 2.
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