COVID-19 pandemic creates M&A opportunities: Saputo CEO
Dairy processor’s fourth quarter profits hit by COVID-related shift in consumer demand.
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.
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.
Canada can end dairy trade dispute with US by ending pricing irritant: Saputo
Involves a pricing agreement struck in 2016 that restricts US exports of ultra-filtered milk used to make dairy products.
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 buying Wisconsin based Betin goat cheese maker Montchevre
One manufacturing facility in Belmont, employs approximately 319 people.
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 founder retiring; son adds chairman to role as CEO
The retirement will be effective Aug. 1, when Lino Saputo will be 80.
Saputo expands Neilson chocolate milk Listeria recall
Move followed a positive test on one of 70 random samples taken by CFIA.
Saputo closing three Canadian plants, impacting 230 workers
Dairy producer said it plans to invest about $32 million in other locations over the next two years.
Saputo to refuse milk from farmers that don’t treat animals humanely
Wants all farmers and employees to sign yearly codes of conduct.
Saputo buying Auzzie cheese businesses for $134.4M
Will increase its presence in the consumer everyday cheese products segment.
Ottawa must reserve EU cheese import quotas: Saputo
Canadian producers fear they won’t be as competitive because European rivals receive generous government subsidies.
Price war helped consumers, hurt Saputo
Will take “necessary” action short of layoffs and closures to improve profits.
Saputo sells snack cakes-maker Vachon to Canada Bread
$120 million deal in line with company’s intentions to enter new markets.
Cheesemaker Saputo closing two plants in Alberta, the US
180 employees will be affected by the closures.
Saputo to buy Australia’s Warrnambool in $378M deal
Montreal food manufacturer to expand its cheese empire with one of the largest milk processors in Australia