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Saputo Inc. in April completed its acquisition of British processor Dairy Crest Group Plc, while rumors circulated that the Canadian dairy company could be looking next at Dean Foods.

Saputo, based in Montreal, paid CDN $1.7 billion (US$1.13 billion) in cash for Dairy Crest, which manufactures and markets cheese, butters, spreads and oils under brands such as Cathedral City, Clover, Country Life and Frylight, as well as value-added dairy ingredients. Dairy Crest employs approximately 1,100 people in seven locations across the United Kingdom.

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