Saputo Inc. announced yesterday that it has entered into an agreement to acquire the fluid-milk and cheese operations, as well as certain joint-venture interests of Agrifoods International Cooperative Limited, more commonly known as ``Dairyworld Foods.'' This agreement, which has been approved by the Agrifoods board of directors, is subject to ratification by the cooperative's delegate body at a meeting to be held in mid-January 2001.