Fluid Milk: Pictou Countys Scotsburn Co-Operative Services Ltd.

Pictou Countys Scotsburn Co-operative Services Ltd.: Pictou Countys Scotsburn Co-operative Services Ltd. has signed an agreement to sell its fluid milk division to dairy giant Saputo Inc . of Montreal for $61 million, according to The Chronicle Herald. While Scotsburns fluid milk business generated annual revenues of $160 million, the sale continues a strategy started last year of shedding assets so the company can focus on its ice cream and premium novelties division and The cash deal, which excludes $8 million in working capital items, includes two fluid milk processing facilities, in Sydney and Mount Pearl, N.L., that employ nearly 400 people. (www.immigrantscanada.com). As reported in the news.