M&As this week: Bob Evans Foods, Saputo Dairy Australia

US-based Bob Evans Foods has reached an agreement to acquire Pineland Farms Potato Company from the Libra Foundation and a consortium of investors, with the aim of expanding in the refrigerated potato industry.

Based in Mars Hill, Maine, New England, Pineland Farms Potato Company is a refrigerated potato processor.

The purchase consideration for the acquisition is $115m.

Saputo Dairy Australia has announced its plans to acquire the remaining stake in Warrnambool Cheese and Butter Factory for A$8.85 ($6.69) a share.

Saputo currently holds 88.02% of the target company’s outstanding shares.