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Tag Archives saputo — page 2

(MGC.com.au)
Livestock

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)
Livestock

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
Drs. Derek Haley, Lena Levison and Todd Duffield (l-r) co-ordinate the dairy cattle rotation for Ontario Veterinary College. (Photo courtesy University of Guelph)
Livestock

New OVC vet rotation focuses on dairy animal welfare

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The Ontario Veterinary College has added a dairy animal welfare rotation to its fourth-year curriculum, as part of an increased focus on animal well-being. The rotation is offered through the Campbell Centre for the Study of Animal Welfare at the University of Guelph, where research has been conducted on animal welfare for 25 years. Montreal-based […] Read more
A worker at Chilliwack Cattle Sales is shown kicking a dairy cow in the head in covert video from 2014. (Mercy For Animals via Youtube)
Livestock

Major dairy farm gets six-figure fines in cruelty case

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British Columbia’s largest dairy farm has been slapped with a reported $300,000 in fines after entering guilty pleas to charges of animal cruelty, stemming from covert video shot in 2014. Chilliwack Cattle Sales (CCS) and co-owner Wesley Kooyman were convicted Friday in Provincial Court over violations of the province’s Prevention of Cruelty to Animals Act. […] Read more
Saputo’s Canadian dairy division includes brands such as Dairyland, Neilson, Nutrilait, Baxter and Armstrong. (Dave Bedard photo)
Livestock

Saputo profit jumps, dividend raised

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Reuters — Saputo Inc., one of Canada’s largest dairy producers, reported on Tuesday a 30 per cent jump in net earnings and boosted its quarterly dividend by 11 per cent. For Saputo’s fiscal 2017 first quarter, net income rose to $176.7 million, or 44 cents a share, from $136.4 million, or 34 cents, in the […] Read more
(Dave Bedard photo)
Livestock, Markets

Ottawa weighs options over U.S. milk proteins

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Winnipeg | Reuters — Canada is working on a plan to shore up its sheltered dairy industry, including measures to counter fast-rising imports of milk proteins from the U.S., according to the federal agriculture minister. Any new support risks widening a trade dispute among North America’s dairy farmers over $150 million worth of U.S. milk […] Read more
Saputo’s Canadian dairy division includes brands such as Dairyland, Neilson, Nutrilait, Baxter and Armstrong. (Dave Bedard photo)
Livestock

Saputo eyes Brazil for acquisitions

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Reuters — Saputo Inc., one of Canada’s largest dairy producers, has an eye on Brazil for possible acquisitions, and could make deals worth as much as $3.5 billion, its CEO said Thursday. The struggling global dairy industry is fragmented, potentially yielding opportunities, Lino Saputo Jr. said. The company would like to buy cheesemaking plants in […] Read more
(NeilsonDairy.com)
Livestock

Saputo to shut three dairy plants in East

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Quebec dairy giant Saputo hopes to eventually cut about $7 million in annual costs by closing three dairy plants in Eastern Canada before the end of next year. The Montreal company announced Tuesday it will close the former Scotsburn milk plant at Sydney, N.S. in June, the Fromagerie Madame Chevre specialty cheese plant at Princeville, […] Read more
(Dave Bedard photo)
Livestock

Agropur eyes further U.S. acquisitions

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Reuters — Canada’s second-biggest dairy, Agropur Co-operative, said it is looking to grow in the U.S., possibly through acquisitions, in the face of an expected erosion of its market share at home due to recent international trade deals. Agropur, whose brands include Iogo yogurt and Oka cheese, and larger rival Saputo have already built U.S. […] Read more
Saputo’s Canadian dairy division includes brands such as Dairyland, Neilson, Nutrilait, Baxter and Armstrong. (Dave Bedard photo)
Livestock

Saputo earnings up with weaker loonie

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Reuters — Saputo, one of Canada’s largest dairy producers, reported higher than expected adjusted earnings on Thursday, helped by weakness in the Canadian dollar. For its fiscal third quarter, adjusted net income rose 13.5 per cent to $175.4 million, or 44 cents a share. Revenue during the quarter, which ended Dec. 31, rose 2.8 per […] Read more

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