Reading Time: 2 minutes The Canadian company ranked among the three biggest cheesemakers in the U.S. is preparing to consolidate five of its cheese plants in that country down to two. Montreal-based Saputo announced last Thursday it has construction underway on a new $240 million cut-and-wrap cheese plant in the Milwaukee suburb of Franklin, to be up and running […] Read more
Saputo to consolidate U.S. cheesemaking, shut three plants
Plans include one new plant, one repurposed
Saputo to buy British cheesemaker Wensleydale
Canadian dairy firm expands U.K. assets
Reading Time: 2 minutes One of the world’s largest dairy processors is set to expand its reach further into the U.K. with a deal for the maker of Yorkshire Wensleydale cheese. Montreal-based Saputo announced Monday it has an all-cash deal in place to buy Wensleydale Dairy Products Ltd. for 23 million pounds (about C$39.7 million). Pending U.K. regulatory approvals, […] Read more
Saputo to shut two dairy plants in East
Reading Time: 2 minutes Canadian dairy processing giant Saputo, in a move it describes as “right-sizing” its manufacturing footprint, plans to close two of its plants in Eastern Canada within a year. Montreal-based Saputo said Thursday it will close the former Riverside Cheese and Butter plant at Trenton, Ont. this September and its Baxter dairy plant at Saint John, […] Read more
Canada’s Saputo to buy major U.K. dairy firm
Reading Time: 2 minutes A major British dairy company is poised to become the property of one of Canada’s biggest dairy processors in a $1.7 billion all-cash deal. Saputo Inc. announced Friday it has an agreement in place with Dairy Crest Group — the maker of Cathedral City cheese and Country Life butter among other major U.K. dairy brands […] Read more
Canadian dairies get significant control over imports under TPP
Reading Time: 2 minutes Toronto | Reuters — Canada will give local dairy processors significant control over imports under a new trade deal with Pacific countries that opens the sheltered industry to further competition, according to a notice published by the federal government, which drew criticism from Canadian retailers. New quotas created by the Comprehensive and Progressive Agreement for […] Read more
Saputo urges end to contentious Class 7 system
Reading Time: 2 minutes Winnipeg | Reuters –– Saputo, one of Canada’s largest dairies, supports ending a domestic milk ingredient pricing system that has angered the United States, CEO Lino Saputo Jr. said on Monday, showing a rare crack in solidarity among processors and the country’s dairy farmers. The Class 7 pricing agreement, struck in 2016 between Canadian dairy […] Read more
Saputo to build new Vancouver-area processing plant
Reading Time: 2 minutes Canadian dairy giant Saputo plans on further “maximizing its manufacturing footprint” in Canada in the next few years, starting with a new $240 million Vancouver-area processing plant at Port Coquitlam. The “state-of-the-art” plant is expected to be built within the next three years and commissioned in fiscal 2021, the company said in its fiscal 2018 […] Read more
Australia clears Saputo’s Murray Goulburn takeover
Reading Time: < 1 minute Reuters — Australia’s competition regulator on Wednesday approved a planned $1 billion takeover of the country’s largest dairy processor, Murray Goulburn Co-operative, by Canada’s Saputo. The deal, which Australia’s largest dairy processor says is key to its survival, was approved after Saputo agreed to sell a milk plant in Victoria state to address concerns from […] Read more
Saputo woos Australia farmers in Murray Goulburn rebuild
Reading Time: 2 minutes Winnipeg | Reuters — Saputo, one of Canada’s largest dairy producers, aims to return Australia’s Murray Goulburn Co-operative to profit by aggressively pursuing more of the country’s milk supply, its CEO said on Thursday. The Montreal-based company agreed last week to buy the co-operative for C$1.3 billion including debt, and has already planned 15 meetings […] Read more
Saputo to buy Australian dairy co-op Murray Goulburn
Reading Time: < 1 minute Reuters — Murray Goulburn Co-operative, Australia’s largest milk processor, on Friday said it agreed to a buyout from Canadian dairy company Saputo worth up to A$637.8 million (C$627.5 million). Murray Goulburn (MG) said Saputo would pay between A$1.10-$1.15 per share, compared to its A$2.10 issue price when it listed in 2015. A total buyout value […] Read more
A message from April Stewart, Country Guide's Associate Editor
