Dean Foods Co. (NYSE: DF) is selling the Morningstar Foods division to Saputo Inc. for $1.45 billion.

Morningstar manufactures Friendship cottage cheese, creams, creamers, ice cream mixes, whipping cream, iced coffee, half and half and other products. The company is unrelated to Morningstar Farms, which makes vegetarian food. Saputo, based in Montreal, makes and distributes dairy products, including cheese, milk, yogurt and other dairy ingredients.

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