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Tag Archives Saputo

(Saputo Cheese USA video screengrab via YouTube)
Dairy Cattle, Livestock, Markets

Saputo to consolidate U.S. cheesemaking, shut three plants

Plans include one new plant, one repurposed

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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
Video screengrab of Michael Palin (l) and John Cleese in the Cheese Shop sketch on Monty Python’s Flying Circus in 1972.
Dairy Cattle, Livestock

Saputo to buy British cheesemaker Wensleydale

Canadian dairy firm expands U.K. assets

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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
(Toa55/iStock/Getty Images)
Dairy Cattle, Livestock, Reuters

Canadian dairies get significant control over imports under TPP

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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
(Video screengrab from Saputo.com)
Dairy Cattle, Livestock

Saputo to build new Vancouver-area processing plant

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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
(MGC.com.au)
Dairy Cattle, Livestock, Reuters

Australia clears Saputo’s Murray Goulburn takeover

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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
(MGC.com.au)
Dairy Cattle, Livestock, Reuters

Saputo woos Australia farmers in Murray Goulburn rebuild

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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
(MGC.com.au)
Dairy Cattle, Livestock, Reuters

Saputo to buy Australian dairy co-op Murray Goulburn

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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

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