MONTREAL, QUEBEC--(CCNMatthews - March 23, 2007) -- Saputo Inc. (TSX:SAP) announces that it has acquired the activities of Dansco Dairy Products Limited ("Dansco"), a United Kingdom manufacturer producing mainly mozzarella for the food service market segment. The purchase price of CAN$12 million was paid in cash, on a debt-free basis.

Dansco employs approximately 130 people at its manufacturing facility located in Newcastle Emlyn, Wales. Dansco's revenues in its last fiscal year were approximately CAN$80 million. This acquisition complements Saputo's current activities in the European market and is in line with its objective of growing its global presence.

From the March 26, 2007, Prepared Foods e-Flash