Saputo completes purchase of Scotsburn Co-Operative

Saputo has finished purchasing the fluid milk activities of Scotsburn Co-Operative Services, based in Atlantic Canada. Scotsburn is a Nova Scotia cooperative that will continue its other activities such as its frozen ice cream and frozen novelties business. The purchase price of $61 million (€40.2m) excludes about $8m of working capital items and was paid by drawing on available […]

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Saputo closes four sites

Saputo, a cheese maker in Canada, has announced measures aimed at improving operational efficiency. It will close four of its facilities, two in Canada, in Wetaskiwin and Glenwood (Alberta); as well as two in the US, in New London (Wisconsin) and Hancock (Maryland). The current production will be integrated into other Saputo facilities. The first facility closure is scheduled […]

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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 […]

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