Canadian cheese giant Saputo sees its future in acquisitions, said CEO Lino Saputo, speaking recently at an event in Montreal.

“I’m not 100% sure if any of the discussions will materialise, but there will be acquisitions going forward,” Saputo told the Canadian Club audience. The company is interested in purchases involving dairy solids, milk powders, protein powders, speciality cheeses or commodity cheeses, he noted. Saputo’s largest share is in mozzarella cheese, with about 60% of the Canadian output being mozzarella, and 50% in the US.