Saputo has entered into a definitive agreement to sell its Dairy Division (UK) to Lactalis for an enterprise value of approximately £988 million, according to a press release statement. The transaction includes five manufacturing facilities and local brands such as Cathedral City, Wensleydale, Davidstow, Clover, and Country Life. The division generated approximately $1.2 billion in revenues over the last four quarters, representing about 7% of Saputo’s consolidated revenues. The closing is expected to occur by the end of the first quarter of calendar 2027, subject to customary closing conditions and regulatory approvals.