Ault Foods Limited Finalizes the Sale of its Ontario Fluid Milk and Refrigerated Operations.ETOBICOKE, Ontario--(BUSINESS WIRE)--March 3, 1997-- 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(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME AUL. ) Ault Foods Limited ("Ault") announced today that it has finalized the sale of the Ontario fluid milk and refrigerated re·frig·er·ate tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates 1. To cool or chill (a substance). 2. To preserve (food) by chilling. and cultured products business effective March 1, 1997, to Agropur, Cooperative Agro-alimentaire ("Agropur"), for $145 million. Ault Foods Limited is a leading Canadian food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. company. Ault markets an extensive range of dairy products, and operates plants in Ontario and Quebec. It is one of the few dairy processors in the world with a major R&D capability. Product innovations include a dairy fat replacement system, Olivina margarine, Cheestrings and Lactantia PurFiltre milk. Ault is publicly traded on the Toronto and Montreal Stock Exchanges Montreal Stock Exchange See Bourse de Montreal, Inc. (Canadian Derivatives Exchange) , with sales in the most recent year totaling $1.3 billion. For copies of the previous press releases regarding the sale of Ault's Ontario fluid milk and refrigerated and cultured products business or any other Ault press releases, please dial our FAX-ON-DEMAND service at (416) 620-1490 or visit our web site on the Internet at www.ault.com CONTACT: Ault Foods Limited John Hamilton, 416/ 620-3016 or Ault Foods Limited Pamela Kempthorne, 416/ 620-3115 |
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