Saputo, the Canadian dairy giant, has announced the acquisition of the Carolina Aseptic and Carolina Dairy businesses from AmeriQual Group for US$118 million. The two new acquisitions will help Saputo to quickly catch the growing demand for aseptic protein beverages and nutritional snacks. Located in North Carolina, Carolina Aseptic develops, manufactures, packages, and distributes aseptic shelf-stable food products and beverages, while Carolina Dairy manufactures, packages, and distributes refrigerated yogurts. Both …
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Saputo
Canadian dairy company Saputo has strengthened its presence in the non-dairy cheese and value-added ingredients sector with two acquisitions for CAD187 million ($72.6 million approx). The acquisitions follow the company’s strategy to expand and accelerate its presence in the dairy alternative sector. The companies acquired by Saputo are the Scottish manufacturer, marketer, and distributor of vegan cheese Bute Island Foods, and the US-based company Reedsburg, a producer of value-added ingredients …
Saputo, a Canadian dairy company, has announced that it has entered into an agreement to acquire the specialty cheese business of Lion Australia for A$280 million ($197 million). The deal is said to include all of Lion Australia’s specialty cheese brands, including King Island Dairy, Tasmanian Heritage, South Cape, Mersey Valley, Heidi Farm and Australian Gold, as well as cheese manufacturing assets at Burnie (The Heritage) and King Island (King …
Saputo, the Canadian dairy giant, has announced it has reached an agreement to acquire its UK peer Dairy Crest in a deal worth around £975 million ($1.28 billion). Headquartered in the UK, Dairy Crest manufactures and markets cheese, butter, spreads and oils under leading brands such as Cathedral City, Clover, Country Life and Frylight, and also produces value-added dairy ingredients. It employs approximately 1,100 people in seven locations across the UK and generated £456.8 million ($600.5 …
Bega Cheese, the Australian cheese firm, is to acquire a manufacturing facility in the state of Victoria, Australia from Canadian dairy giant Saputo, according to an ABC report. Saputo was required to sell the plant by Australian competition regulators as a result of its acquisition of dairy firm Murray Goulburn. Located in the town of Koroit, the plant is described as being one of the largest milk drying facilities in …
Canadian dairy company Saputo has signed an agreement to acquire US goat’s cheese manufacturer Montchevre. The announcement comes around a week after the firm announced it had agreed to acquire Australian dairy firm Murray Goulburn in a billion-dollar deal. Monthchevre has a facility in Belmont, Wisconsin, with 320 employees involved in the manufacture, marketing and distribution of goat cheese in the USA. Montchevre president Arnaud Solandt commented: “The decision to proceed with the sale …
Saputo, a leading global dairy firm, has announced that it has reached an agreement to acquire its Australian counterpart Murray Goulburn for a purchase price of A$1.31 billion ($1.0 billion) on a debt-free basis, subject to shareholder approval and regulatory clearance. Murray Goulburn produces a full range of dairy products, including milk drinks, milk powder, cheese and butter, as well as a range of ingredient and nutritional products, such as infant formula. …
Mexico’s Grupo Bimbo has made another step towards strengthening its position in Canada, reaching an agreement to acquire, through its subsidiary Canada Bread Company Ltd, the total shares outstanding of Saputo Bakery Inc., a subsidiary of Saputo Inc. Canada Bread joined the Grupo Bimbo business last February having been acquired from Maple Leaf Foods for C$1.83 billion (about US$1,655 million) as part of the company’s strategy to enter the Canadian …
Canadian company Saputo will now face only rival Murray Gouldburn to acquire Australia’s oldest diary processor Warrnambool after Bega Cheese withdrew its bid, according to Canadian Manufacturing. Bega Cheese had launched a fierce bidding war over the acquisition of Warrnambool in September. However its share offer has thus far attracted less than 1% of shareholders. The move is likely to be to the advantage of remaining rivals Saputo and Murray …
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