Saputo Inc. declared yesterday that it has closed the transaction announced on December 18, 2000 for the acquisition of the fluid-milk and cheese operations as well as certain joint-venture interests of Agrifoods International Cooperative Limited, more commonly known as "Dairyworld Foods". The purchase price is approximately C$407 million (US$268 million) on a debt-free basis and is being financed through bank indebtedness.