Scotsburn Co-operative Services, a Canada-based dairy product manufacturer, has entered into an agreement to acquire Les Aliments Lebel Foods.
Les Aliments Lebel is a family-run company that offers a wide range of frozen dessert products such as ice cream, frozen yogurt and frozen treats.
Following completion in March, this acquisition will enable the company to grow as a producer and supplier of ice cream products across the country, the company claims.
As per the agreed terms, Les Aliments Lebel Foods president Gaetan Lebel will continue to manage operations for Scotsburn at the plant in Lachute. The Lachute currently employs around 160 people.
The financial terms of the transaction have not been disclosed.
In a separate transaction, Saputo has agreed to purchase Scotsburn's milk business for around $61m.
Scotsburn Co-operative Services manufactures and distributes dairy and creamery products in Canada and internationally. Its products include fluid milk, frozen desserts, cultured products, butter, and fruit and squirt drinks, and spring water, as well as ice creams, frozen yogurts, sherbets and novelties.
