Dairy co-op Gay Lea Foods buying cheese maker Salerno Dairy
Deal includes pair of manufacturing plants in Hamilton, Ont., area, Montreal distribution centre
MISSISSAUGA, Ont.—Gay Lea Foods Co-operative Ltd. is acquiring a Hamilton, Ont.-based cheese maker and a pair of manufacturing plants for an undisclosed price.
According to Gay Lea Foods, it is buying Salerno Dairy and its two Hannon area plants, as well as a warehouse and distribution centre in Montreal.
“This acquisition will allow Gay Lea to establish relationships with new customers and to build on existing partnerships with new offerings and opportunities,” president and CEO Andrew MacGillivray said in a release. “This acquisition holds great promise for the years ahead.”
Salerno employs 185 people across its operations and manufactures a variety of cheese products.
“We believe Gay Lea Foods will do an excellent job of carrying forward our heritage of quality and our dedication to fine cheese,” Salerno CEO Angelo Fidanza said.
Gay Lea Foods is Ontario’s largest dairy co-operative, with 1,200 members and 650 employees.