GERMANY: Lactalis in talks to buy Saputo plant

By Katy Askew | 23 April 2013

Lactalis possible white knight for Saputo site

Lactalis possible white knight for Saputo site

Canadian cheese-maker Saputo has confirmed it is in "advanced" talks with French dairy group Lactalis over the possible sale of a plant Germany.

Saputo is winding down its European operations and the group had planned to shutter its cheese-making facility in Heiden at the end of the month.

However, in a last ditch attempt to avoid closure of the facility, Saputo has entered into discussions with Lactalis over a possible sale. "We are in talks with Lactalis," a Saputo spokesperson said.

Talks are in an "advanced stage" the spokesperson confirmed, but declined to comment further on the sale process.

Lactalis was unavailable for comment at time of press.

Sectors: Dairy, Mergers & acquisitions

Companies: Saputo, Lactalis

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GERMANY: Lactalis in talks to buy Saputo plant

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