Ault Foods Limited Finalizes Schneider Acquisition.ETOBICOKE, Ontario--(BUSINESS WIRE)--Nov. 17, 1995--AULT FOODS LIMITED (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME: AUL) Ault Foods Ault Foods Limited was a Toronto-based dairy processor and Canada's largest dairy company acquiring other dairy companies across Canada. Ault sold off parts of their business in the mid-1990s; milk division (Sealtest Dairy and Silverwood Dairy) was sold to Agropur. Limited announced today that it has finalized See finalization. the purchase of the cheese business of Schneider Corporation. The acquisition includes rights to cheese and butter trademarks and two plants: Winchester Cheese a process cheese and cut and wrap operation located in Winchester, Ontario Winchester is a community in Eastern Ontario, located south of Ottawa, near Winchester Springs, South Mountain and Chesterville, in the township of North Dundas, Ontario, and part of Stormont, Dundas and Glengarry United Counties, Ontario. , and Millbank Cheese, a cheese processing plant. The acquisition of Schneider will increase Ault's cheese and butter group annual sales by $90 million to about $680 million. The Black Diamond and Schneider combined market share of 26 percent positions Ault as the second largest cheese processor in Canada. The Schneider acquisition supports Ault's growth strategy by building the value-added and more profitable brands. Other major trademarks for Ault Foods Limited include: Sealtest, Haagen- Dazs, Parlour, Cheestrings/Ficello, Lactantia, and Balderson Cheese. CONTACT: Aults Foods Limited Ian Ferguson There are several notable figures named Ian Ferguson.
Pamela Kempthorne, 416/620-3115 |
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