Saputo to Buy U.S. Goat Cheese Company Montchevre
Award-winning goat cheese maker Montchevre has entered into a sale and purchase agreement with Saputo Inc.
Arnaud Solandt, one of the company’s founders, said in a Nov. 1 statement on the company's website that the decision to sell “has been difficult and emotional for us” … but ”it is based on the conviction that this alliance will provide a stronger, more secure market for our 500+ milk producers and will help propel Montchevre to new heights.”
Montchevre’s retail and foodservice customers will benefit from a broader logistics platform and some improved production capacity. “There will be some logical integration of our businesses and Montchevre will become the flagship of Saputo’s Goat Cheese Division,” Solandt added.
At its plant in Belmont, Wis., Montchevre employs 319 people. Jean Rossard will remain the plant manager, and Solandt will act as a senior advisor assisting in the development of the Saputo Goat Cheese Division.
Last year, Montchevre had annual sales around $150 million. The deal is expected to close by the end of the year. Terms were not disclosed.
Saputo said the deal will enable its USA Cheese Division to broaden its presence in specialty cheese in the United States.
The Montreal-based cheese company has been on a buying spree. Just last week it acquired Murray Goulburn Co-Operative Co. in Australia. In 2015, the company, which operates cheesemaking facilities in Wisconsin and elsewhere, purchased Canadian goat cheese brand Woolwich Dairy. In 2011, Saputo purchased DCI Cheese Co.