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
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Saputo to consolidate U.S. cheesemaking, shut three plants
Plans include one new plant, one repurposed
Saputo to buy British cheesemaker Wensleydale
Canadian dairy firm expands U.K. assets
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
Saputo to shut two dairy plants in East
Canadian dairy processing giant Saputo, in a move it describes as “right-sizing” its manufacturing footprint, plans to close two of its plants in Eastern Canada within a year. Montreal-based Saputo said Thursday it will close the former Riverside Cheese and Butter plant at Trenton, Ont. this September and its Baxter dairy plant at Saint John, […] Read more
Canada’s Saputo to buy major U.K. dairy firm
A major British dairy company is poised to become the property of one of Canada’s biggest dairy processors in a $1.7 billion all-cash deal. Saputo Inc. announced Friday it has an agreement in place with Dairy Crest Group — the maker of Cathedral City cheese and Country Life butter among other major U.K. dairy brands […] Read more
Canadian dairies get significant control over imports under TPP
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
Dairy processors concerned about USMCA trade deal
Processors want compensation to be distributed differently than under CETA
The organization representing dairy processors says it is resolutely against the new United States Mexico Canada Agreement (USMCA) trade deal. The CEO of the lobby organization representing processors told Farmtario in early October that he “anxiously awaits the Canadian text to be published” containing the deal’s precise details. “Canada’s dairy processing industry is deeply disappointed […] Read more
Saputo urges end to contentious Class 7 system
Winnipeg | Reuters –– Saputo, one of Canada’s largest dairies, supports ending a domestic milk ingredient pricing system that has angered the United States, CEO Lino Saputo Jr. said on Monday, showing a rare crack in solidarity among processors and the country’s dairy farmers. The Class 7 pricing agreement, struck in 2016 between Canadian dairy […] Read more
Saputo to build new Vancouver-area processing plant
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
Saputo buys St. Marys’ Shepherd Gourmet
Canada’s largest milk processor is purchasing a supplier of niche yogurt and feta cheese based in St. Marys, Ont. Saputo is buying Shepherd Gourmet Dairy Inc. for $100 million. Shepherd Gourmet employs about 90 people. Shepherd Gourmet was founded by Stewart Cardiff when he saw a niche in the processing of alternative cheeses and yogurts […] Read more
Australia clears Saputo’s Murray Goulburn takeover
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
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