Saputo Cheese USA is acquiring Fairmount Cheese Holdings, parent company of DCI Cheese. The Canadian cheese maker will pay around $270.5 million to Illinois-based private equity firm, GTCR, adds Business Journal.
The transaction, which is subject to regulatory approvals and other conditions, is expected to be completed in March this year. Montreal-based Saputo seeks to fund the deal with cash or drawing from available lines of credit.
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