Saputo Acquires U.S.-Based Specialty Cheesemaker
From: Food in Canada
Montreal – Saputo Inc. has acquired a U.S.-based specialty cheese company.
Betin Inc., which does business as Montchevre, is based in Belmont, Wis. In a statement, Saputo says the company has 320 employees and had revenues of CDN$150 million for the 12-month period ended June 30, 2017.
Montchevre, which was established in 1988, is the largest goat cheese manufacturer in the U.S. The company supports a network of independent family farms and using French cheese-making techniques makes more than 75 varieties of goat cheese.
The company also produces a full line of organic goat cheese and is the only U.S. manufacturer to produce non-GMO certified goat cheese.
On its website the company says the decision to sell was “difficult and emotional” but adds that “this alliance [with Saputo] will provide a stronger, more secure market for our 500+ milk producers and will help propel Montchevre to new heights.”
In the statement, Saputo says the acquisition “will enable the Cheese Division (USA) of Saputo to broaden its presence in specialty cheese in the U.S.”