Tag: Saputo Inc.

Saputo expands portfolio with two strategic acquisitions as Nabati foods opens new manufacturing facility

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CANADA – Saputo, a leading Canadian dairy company, has expanded its portfolio with two strategic acquisitions in the dairy alternatives and value-added ingredients sectors. Saputo is reported to have invested a total of CAD 187 million ($72.6 million approx) in making the two acquisitions which include Bute Island Foods and Reedsburg facility of Wisconsin Specialty Protein. Bute Island Foods is a manufacturer and distributor of vegan cheese for the retail and foodservice industries. The company, located on the Isle of Bute on the west coast of Scotland, produces the popular…

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Saputo, Great Lakes invest in new cheese manufacturing plants in the US

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US – Canadian dairy company Saputo and Ohio-based cheese manufacturing company Great Lakes Cheese have announced plans to invest in expanding their respective cheese manufacturing capacities to meet anticipated rise in demand for the product. Saputo said it is investing up to US$30 million into the expansion of operations of its Saputo Dairy USA’s Las Cruces cheese manufacturing plant in New Mexico, US. The expansion of operations will reportedly see the addition of 150 employees and is expected to have a total positive economic impact of US$1.6 billion to New Mexico…

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Saputo to expand cheese production in UK facility after securing government grant

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UK – Canadian dairy company Saputo is planning to expand its UK creamery in Davidstow, Cornwall after it secured a £3.2 million (about US$4.46 million) investment from the UK government. The funds were specifically sourced from Cornwall and Isles of Scilly Local Enterprise Partnership (LEP) which is a fund created by the UK government to develop local enterprises. Home to the Cathedral City cheddar brand, Saputo’s Davidstow facility employs more than 200 people and sources milk locally. According to the company, the Davidstow creamery supports  330 dairy farmers across Cornwall…

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Dairy Crest CEO Mark Allen steps down after Saputo takeover

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CANADA – Canadian dairy processor, Dairy Crest has announced that Mark Allen is stepping down as Chief Executive of Dairy Crest after successful completion of the takeover. Also, Mr. Tom Atherton, Dairy Crest Deputy Chief Executive and Group Finance Director has been appointed President and Chief Operating Officer of Saputo’s Dairy Division in the UK. The changes take effect immediately and Allen will remain with the company to ensure a transition to Atherton until July 2019. Mr. Atherton has worked for Dairy Crest since 2005. He was appointed as an…

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Saputo to acquire Lion Dairy’s specialty cheese business for US$197m

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AUSTRALIA – Canadian dairy company, Saputo has entered into a definitive agreement to acquire the specialty cheese business of Australia’s Lion-Dairy & Drinks Pty Ltd for US$196.9 million (AUD 280 million). The sale to Saputo will include all Dairy & Drinks’ specialty cheese brands, including King Island Dairy, Tasmanian Heritage, South Cape, Mersey Valley, Heidi Farm and Australian Gold. It also includes two manufacturing facilities located in Burnie and King Island, Tasmania (Australia), which employ about 400 people, plus the two Lion-owned farms on King Island (Horizon Glen and Kyeema).…

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Saputo completes acquisition of Dairy Crest for US$1.2b

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UK – Canadian dairy company, Saputo has announced that it has completed the acquisition of Dairy Crest, a United Kingdom-based milk products company in a transaction valuing the company at US$1.2 billion (£975 million). Dairy Crest adds Saputo a portfolio of cheese, butters, spreads and oils under leading British brands, such as Cathedral City, Clover, Country Life and Frylight, and value-added dairy ingredients. The company employs approximately 1,100 people in seven locations across the United Kingdom. In the year ended March 31, 2018, Dairy Crest recorded had revenues of approximately…

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Saputo appoints Carl Colizza as Chief Operating Officer for N. America

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CANADA – Canadian dairy company, Saputo has appointed Carl Colizza as President and Chief Operating Officer for North American operations effective April 1, 2019. Prior to his appointment, Colizza was responsible for the dairy company’s businesses in Canada and Argentina. He will report to the Company’s President and Chief Operating Officer, Kai Bockmann who also acts as President and Chief Operating Officer for the International Sector, which includes the Dairy Divisions Australia and Argentina.  Succeeding Carl Colizza in his previous role is Frank Guido, who has been named President and…

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