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.