Cases & Deals

Saputo acquires dairy and non-dairy extended shelf-life producer Morningstar Foods from Dean Foods Company for $1.45 billion

Clients Saputo, Inc.

Jones Day advised Saputo, Inc. in its acquisition of Morningstar Foods, LLC, a wholly-owned subsidiary of Dean Foods Company, for $1.45 billion. Jones Day also assisted Saputo with its $1.2 billion acquisition financing consisting of a term loan with both Canadian and U.S. tranches. Morningstar produces a variety of dairy and non-dairy extended shelf-life products, including creams and creamers, ice cream mixes, whipping cream, aerosol whipped toppings, iced coffee, half and half, value-added milks, as well as cultured products such as sour cream and cottage cheese.

In addition to M&A representation, Jones Day provided antitrust, banking, intellectual property, regulatory, environmental, tax, employee benefits, and labor advice regarding this transaction.

We use cookies to deliver our online services. Details of the cookies and other tracking technologies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you consent to our use of cookies.