Take Stock – June 25

Canadian dairy company Saputo Inc. (TSX:SAP) said Tuesday it has signed a deal to buy cheesemaker F&A Dairy of California Inc.

Saputo Inc. to buy California cheese maker

Canadian dairy company Saputo Inc. (TSX:SAP) said Tuesday it has signed a deal to buy cheesemaker F&A Dairy of California Inc. Terms of the deal were not immediately available. F&A makes, sells and distributes, principally mozzarella, provolone and whey products from a plant in Newman, Calif., where it employs 113 employees. The company produced 60 million pounds of cheese and had sales of about US$140 million in 2008. Shares in Saputo, which announced the deal after the close of markets, were down 41 cents at $23.11 on the Toronto Stock Exchange on Tuesday.

Bankrupt petfood retailer begins chainwide liquidation of Canadian stores

A liquidator will sell off the inventory of the remaining 45 Petcetera stores this summer in going-out-of-business sales across Canada.

The petfood chain originated in Vancouver in 1997 and sought bankruptcy protection in March. However, it was unable to remain a going concern and PricewaterhouseCoopers became the court-appointed receiver last week. Great American Group, which will conduct the liquidation, said from Woodland Hills, Calif., on Wednesday that it expects the sales to last up to 10 weeks, although some locations will close sooner.

Petcetera had 49 locations until May when it closed two in Alberta and two in Ontario, laying off about 100 of the 1,600 employees it had at the time. Founder Dan Urbani, president and CEO of the privately held Petcetera, said in April when the closures were announced that he hoped to save enough money to prevent further closures.

Just Posted

Olympic ski run designer creates upgrades at Canyon Ski Resort

Jeff Ihaksi says free-style and alpine ski venues are Canada Winter Games-worthy

Updated: Collision expert backs version of crash of driver accused of manslaughter

Daniel Newsham accused of manslaughter in fatal 2016 collision

Red Deer artist highlights the dinosaur connection of Alberta birds

Jeff Powers is fascinated by winged creatures

Murder charges laid against woman from the Sunchild First Nation

The 25-year-old female victim was found dead on Dec. 12

WATCH: CP Holiday Train rolls into Lacombe

Kelly Prescott performed for hundreds of Central Albertans

McDavid, Draisaitl with three points each to lead Oiles over Flyers

Oilers 4, Flyers 1 EDMONTON — Connor McDavid had two goals and… Continue reading

Tips to keep crime at bay this Christmas

RCMP offer tips for crime-free holiday ’Tis the season for joy and… Continue reading

All aflutter about our feathered friends

Christmas Bird Count will be held Dec. 23

Fashion Fridays: How to change your beauty routine

Kim XO, lets you in on her style secrets each Fashion Friday on the Black Press Media Network

WHL’s Thunderbirds, Silvertips open to NHL joining Seattle hockey market

TORONTO — The Seattle area’s major junior hockey teams aren’t worried about… Continue reading

Canadian freestyle skier Karker excited for Dew Tour’s modified superpipe

Rachael Karker has a renewed sense of confidence heading into her second… Continue reading

CBS settled with Dushku over ‘Bull’ star’s sexual comments

LOS ANGELES — CBS reached a $9.5 million confidential settlement last year… Continue reading

Kanye reignites Drake feud on Twitter, alleges threats

LOS ANGELES — Kanye West is not sending Christmas cheer to Drake.… Continue reading

Most Read