Saputo Buys PE-backed Fairmont Cheese

Saputo Inc. will acquire Deerfield, Illinois-based Fairmount Cheese Holdings Inc., a company owned by private equity investor GTCR, for an undisclosed amount. GTCR formed Fairmount Cheese in 2003 as a means to consolidate companies in the high-growth, highly fragmented specialty cheese industry, the firm said. The acquisition is expected to close in March.

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