Saputo buys U.S. cheese maker

Saputo Inc. is buying Betin Inc., which makes the Montchevre brand of goat cheese in the United States.

Betin has one plant at Belmont, Wisconsin, that employs 319 people.

For the 12 months to June 30, Montchevre generated revenues of C$150 million. The value of the transaction was not released.

Saputo also announced quarterly earnings of $185.2 million to Sept 30, which is down $6.6 million, or 3.4 percent. Revenue was $2.884 billion, up about $39 million, or 1.4 percent.

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