Saputo acquires ingredients company and Sheese cheese alternative maker
Saputo has taken over the Scottish Sheese cheese alternative maker. Pic: Bute Island Foods Ltd Canadian dairy company Saputo Inc. has announced two acquisitions, one in the dairy alternatives space and the other in value-added ingredients, at a cost of around C$187m (US$154m).
The company has purchased established UK cheese alternative maker Bute Island Foods Ltd., which produces and distributes a variety of cheese alternative products for retail and foodservice market segments under the vegan Sheese brand, alongside private label brands.
The business employs approximately 180 people, including its founders.
Saputo acquires vegan cheese maker Bute Island Foods UK-based vegan cheese maker Bute Island Foods has been acquired by Canadian dairy Saputo for an undisclosed sum.
Located on the Isle of Bute, off the West Coast of Scotland, Bute produces dairy alternative cheese products for retail and foodservice markets under its Sheese brand. The business employs 180 people, including its founders.
Lino Saputo, chair of the board and chief executive, said: “
We are delighted to welcome the Bute Island Foods team and the wealth of knowledge they bring to our global family.
Commitment to alternatives
“Our commitment remains to expand our footprint in the dairy alternatives space to meet the changing demands of our customers and consumers.
Saputo Acquires UK Dairy Alternative Brand kamcity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kamcity.com Daily Mail and Mail on Sunday newspapers.
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