COVID-19 pandemic creates M&A opportunities: Saputo CEO
Dairy processor’s fourth quarter profits hit by COVID-related shift in consumer demand.
US tariffs on EU goods would include cheese, wine, aircraft
WTO ruled the US could retaliate over illegal aid that the 28-country EU gave to Airbus.
Cheese factory co-op gets $1.5M from federal dairy fund
Will help with modernization of equipment as co-op prepares for market changes resulting from CETA.
Saputo buying specialty cheese business in Australia for $265M
Includes two manufacturing facilities in Tasmania, employs approximately 400 people.
Saputo enters U.K. dairy market by closing $1.7B deal for Dairy Crest
Dairy Crest manufactures and sells cheese, butters, spreads and oils.
Saputo buying UK-based Dairy Crest Group for roughly $1.7B
Manufactures cheese, butters, spreads and oils under British brands Cathedral City, Clover, Country Life and Frylight.
Parmalat to acquire Kraft’s natural cheese division for $1.62B
Parmalat to take over cheese brands Cracker Barrel, P’tit Quebec and Amooza.
Saputo sells Australian dairy operations for $244M
Condition set by Australia’s regulators for Saputo’s $1.3 billion takeover of the Murray Goulburn Co-operative.
Saputo CEO criticizes Canada’s support of revised TPP trade deal
Says Canada was overly generous by agreeing to the same import quotas for imported cheese.
Saputo to close Wisconsin cheese plant next May, affecting 126 workers
Closure will improve operating efficiency; integrating production into a new blue cheese plant near Minneapolis.
Saputo poised to gain full control of Australia’s Warrnambool dairy
Canadian dairy giant raises its stake in the cheese and dairy producer to 98%.
Saputo buying Auzzie cheese businesses for $134.4M
Will increase its presence in the consumer everyday cheese products segment.
Saputo sells snack cakes-maker Vachon to Canada Bread
$120 million deal in line with company’s intentions to enter new markets.