Canada dairy Saputo sees range for acquisitions C$500 million-C$1 billion

Thu Feb 5, 2015 3:21pm EST
 
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(Reuters) - Canadian dairy company Saputo (SAP.TO: Quote) sees potential acquisitions in the cheese and dairy sector costing between C$500 million ($402.19 million) and C$1 billion, Chief Executive Lino Saputo Jr said on Thursday.

He said on a conference call with analysts that acquisitions are at the forefront of the Montréal-based company's growth strategy.

($1 = 1.2432 Canadian dollars)

(Reporting by Rod Nickel in Winnipeg, Manitoba, editing by G Crosse)