Dive Summary:

• Saputo just finalized its deal with Dean Foods for its Morningstar dairy division, which makes many branded and off-brand items in the U.S..
• The deal, worth $1.45 billion, is being funded primarily with a large loan, although Saputu put up $250 million in cash.
• The acquisition of Morningstar will give Saputo a firm foothold in the U.S. dairy market, something the company has been trying to achieve.  

From the article:

Saputo has completed its $1.45bn acquisition of Dean Foods' Morningstar dairy division - a move the Canadian dairy giant hopes will help to expand its US manufacturing and distribution footprint. The deal, which has been financed through a $1.2bn bank loan and $250m cash, will see Saputo adopt Morningstar's portfolio of private label and owned-brand dairy products.