France's Lactalis buys Saputo's British dairy unit in $1.34 billion deal

Lactalis agreed to buy Saputo’s UK business for £988 million ($1.34 billion), valuing the acquired unit at the top-line deal figure. The announcement signals consolidation in the dairy sector and provides a clear expansion catalyst for Lactalis, with potential deal-related repricing for both companies given the large stated valuation.

Analysis

Lactalis agreed to buy Saputo’s UK business for £988 million ($1.34 billion), valuing the acquired unit at the top-line deal figure. The announcement signals consolidation in the dairy sector and provides a clear expansion catalyst for Lactalis, with potential deal-related repricing for both companies given the large stated valuation.