Montreal-based dairy processing giant Saputo has announced plans to close facilities at Trenton, Ont., and Saint John, New Brunswick. The company says the closures are “aimed at improving its operational efficiency and right-sizing both its manufacturing footprint and sales force in Canada.” The Trenton plant is scheduled to be shut down in September of this… Read More
Tag: Saputo
Dairy giant Saputo has completed its transaction to purchase Dairy Crest, a United Kingdom-based dairy company. The final sale for £975 million (approximately $1.7 billion) was first announced on February 22, 2019, and finalized April 15, 2019. According to a news release, Dairy Crest manufactures and markets cheese, butters, spreads and oils, under leading British… Read More
Montreal-based Saputo has announced its plan to acquire the activities of F&A Dairy Products, Inc., a dairy processing company with two sites in the United States, for US$85 million. Located in New Mexico and Wisconsin, F&A Dairy employs approximately 170 people. The purchase price will be paid in cash from cash on hand and available credit… Read More
Youth involved in 4-H dairy programs have an extra reason to celebrate World Milk Day today. Saputo has announced a partnership with 4-H Canada that will see the dairy processor invest $660,000 over the next three years. The partnership will support members in 4-H dairy cow and goat programs with “grants, awards, and opportunities to… Read More
Montreal-based dairy giant Saputo has announced the purchase of Shepherd Gourmet Dairy, based at St. Marys, Ontario, for $100 million. Employing about 90 people, Shepherd Gourmet is known for its specialty cheeses, including feta, sheep’s milk ricotta, and Skyr Icelandic-style yogurt. Saputo says the purchase enables the company’s Canadian dairy division to increase its presence… Read More
Montreal-based dairy company Saputo has announced another international acquisition — the largest goat cheese manufacturer in the U.S. Saputo says it has entered an agreement to acquire Betin, Inc., which operates mainly under the Montchevre brand, and employs 319 people at its manufacturing facility in Belmont, Wisconsin. Montchevre generated C$150 million in revenues in the… Read More
Montreal-based Canadian dairy company Saputo has reached a deal to buy Murray Goulburn Co-operative — Australia’s largest milk processor — in a deal worth $1.3 billion, including the Australian company’s debt. Debt aside, the deal is reportedly worth around $488 million. Murray Goulburn produces a full range of dairy products, including milk, milk powder, cheese,… Read More
Earlier this week, on World Milk Day, Saputo announced the implementation of its animal welfare policy, along with new programs offered to support the policy through the University of Guelph and the University of Wisconsin-Madison. According to the company’s recent press release, the policy was created through collaborative efforts with customers, dairy producers, veterinarians, governmental authorities,… Read More