Saputo shopping after Warrnambool buy

Canadian cheese giant Saputo has declared a 10.8% increase in net earnings for its third quarter results, amounting  to C$144.4m (€95.9m) for the term. Expansion is well underway. The company recently outbid other contenders for Australian cheese maker Warrnambool, and has also purchased Morningstar Foods in the US, renaming the latter Saputo Dairy Foods USA. The firm bought the fluid milk activities of Scotsburn Co-operative in Atlantic Canada as well.

The company says it will continue to develop sales in the US market, as well as looking at improving efficiencies in both Canada and the US. The expansion of its operations in Argentina is proceeding as planned, Saputo notes.