Saputo wins majority control of Australia’s Warrnambool

Sydney, Australia | Reuters — Canada’s Saputo said Wednesday it has secured majority control of Australia’s Warrnambool Cheese and Butter Factory Co., putting pressure on rival bidder Murray Goulburn Co-operative Co. to concede defeat. Saputo said it had increased its shareholding in Australia’s oldest dairy maker to 52.7 per cent, giving it control after a […] Read more


Saputo to buy Scotsburn fluid milk business

Quebec dairy giant Saputo plans to buy its way further into Atlantic Canada’s milk market with the fluid milk business of regional dairy co-op Scotsburn. Saputo on Friday announced a cash deal to buy Scotsburn Co-operative Services’ fluid milk operations for $61 million, pending a vote by Scotsburn members and approval from the federal Competition […] Read more

Saputo nearing majority control of Australian dairy firm

Canadian dairy giant Saputo said Friday its shareholding in Australia’s Warrnambool Cheese and Butter Factory Holdings has jumped to 46.17 per cent, putting it close to majority control. Former rival bidder Bega Cheese said Thursday it was selling its 18.8 per cent stake to Saputo, all but handing victory to the Quebec-based company in the […] Read more