Reuters — Canadian farmers will get squeezed between new trade deals that allow more dairy imports to enter the country and slow-growing domestic consumption, Saputo’s CEO said on Thursday. The Trans-Pacific Partnership trade deal is expected to open access for New Zealand, the U.S. and other countries to 3.5 per cent of the Canadian market, […] Read more
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TPP deal to pressure Canadian dairy farmers, Saputo says
Saputo buys goat cheesemaker Woolwich Dairy
Canada’s biggest cheesemaker is expanding its reach in the goat dairy market with a friendly all-cash takeover of Ontario goat cheese firm Woolwich Dairy. Montreal-based Saputo announced Monday it has paid $80 million for the family-owned cheesemaking company, including its three plants and distribution centre. Based at Orangeville, north of Guelph, Woolwich has operated since […] Read more
Saputo buys further into Australian cheese market
Canada’s biggest dairy processor has reached a deal to buy further into the Australian market, by buying the “everyday cheese” business of Australian beverage and dairy giant Lion. Saputo on Monday said it had reached a deal for Warrnambool Cheese and Butter Factory, its 88 per cent-owned Australian subsidiary, to buy Lion’s “EDC” business for […] Read more
Saputo names new Canadian dairy head
Canada’s biggest dairy processor has a new chief heading up its Canadian dairy division. Montreal-based Saputo Inc. announced Friday it named Carl Colizza, today the Canadian dairy division’s senior vice-president for strategic business development, as the division’s president and chief operating officer. Colizza, who’s worked for Saputo since 1998 and held several senior management posts […] Read more
Supply management limits growth in Canada, Saputo says
Reuters — Canada’s tightly managed dairy sector limits domestic opportunities for Saputo, the country’s largest dairy, forcing it to focus on growth elsewhere, the company’s chief executive said Thursday. CEO Lino Saputo Jr. emphasized in an interview that the company is not lobbying Ottawa to either dismantle or preserve Canada’s supply management system for dairy, […] Read more
Canada Bread to buy Saputo snack cake business
Canada’s biggest dairy processor is set to sell its baked goods business to Canada Bread for $120 million cash. Montreal-based Saputo’s baked goods business is billed as Canada’s top producer of snack cakes, sold mainly in the Canadian retail market and “on a small scale” in the U.S. The company’s cakes are sold under the […] Read more
Saputo profit jumps 17 pct on higher cheese, butter prices
Reuters – Canada’s largest dairy producer Saputo Inc reported a 17 per cent jump in quarterly earnings on Thursday, boosted by higher U.S. cheese and butter prices and recent acquisitions. The Montreal-based company, whose brands include Dairyland and 1/2 Moon cakes, said it intends to buy back 5 per cent of its common shares during […] Read more
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