Land O’Lakes has completed the sale of its Cheese & Protein International business to a US subsidiary of Saputo.
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The deal includes CPI’s cheese manufacturing operations and cut-and-wrap operations, formally known as Golden Valley Dairy Products.
“This sale represents a very important strategic step for our Dairy Foods business, allowing for more focus on our branded, value-added marketing, while also providing a secure long-term milk supply agreement for our members’ milk production,” said Land O’Lakes president and CEO Chris Policinski.
“This transaction is consistent with our commitment to generate value for members through branded, value-added marketing while maintaining an appropriate investment in our manufacturing infrastructure.”
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