Canada’s biggest dairy processor has reached a deal to buy further into the Australian market, by buying the “everyday cheese” business of Australian beverage and dairy giant Lion. Saputo on Monday said it had reached a deal for Warrnambool Cheese and Butter Factory, its 88 per cent-owned Australian subsidiary, to buy Lion’s “EDC” business for […] Read more
Saputo buys further into Australian cheese market
Saputo names new Canadian dairy head
Canada’s biggest dairy processor has a new chief heading up its Canadian dairy division. Montreal-based Saputo Inc. announced Friday it named Carl Colizza, today the Canadian dairy division’s senior vice-president for strategic business development, as the division’s president and chief operating officer. Colizza, who’s worked for Saputo since 1998 and held several senior management posts […] Read more
Supply management limits growth in Canada, Saputo says
Reuters — Canada’s tightly managed dairy sector limits domestic opportunities for Saputo, the country’s largest dairy, forcing it to focus on growth elsewhere, the company’s chief executive said Thursday. CEO Lino Saputo Jr. emphasized in an interview that the company is not lobbying Ottawa to either dismantle or preserve Canada’s supply management system for dairy, […] Read more
Canada Bread to buy Saputo snack cake business
Canada’s biggest dairy processor is set to sell its baked goods business to Canada Bread for $120 million cash. Montreal-based Saputo’s baked goods business is billed as Canada’s top producer of snack cakes, sold mainly in the Canadian retail market and “on a small scale” in the U.S. The company’s cakes are sold under the […] Read more
Saputo profit jumps 17 pct on higher cheese, butter prices
Reuters – Canada’s largest dairy producer Saputo Inc reported a 17 per cent jump in quarterly earnings on Thursday, boosted by higher U.S. cheese and butter prices and recent acquisitions. The Montreal-based company, whose brands include Dairyland and 1/2 Moon cakes, said it intends to buy back 5 per cent of its common shares during […] Read more
Southern Alberta village hit hard by closure of Saputo milk processing plant
Glenwood has fewer than 300 residents and will lose 25 jobs when plant closes
Reading Time: 2 minutes A village in southern Alberta is about to lose its largest employer as dairy processor Saputo prepares to close four processing plants in North America. “The term I would use to describe it is ‘shocked,’” said Kurtis Pratt, chief administrative officer of the Village of Glenwood, one of two communities in Alberta affected by the […] Read more
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