IFCN, the Dairy Research Network, has published the IFCN top 20 list of milk processors around the globe. Published every second year, the list shows the market share of the biggest milk processing giants. In 2018, the top 20 milk processors collected 211 million tonnes of milk, equating to 25.4% of all produced milk worldwide. […]
Another buyout this week, this one in Australia. Again, the cheese businesses are on the move, and one suspects Saputo’s purchase of Lion Dairy’s everyday cheese business is partially a ruse to get its hands on the accompanying whey the cheese process will output. With growth being seen by dairy ingredients giants such as Glanbia, […]
The everyday cheese business of Lion Dairy & Drinks in Victoria, Australia, is being sold to Canadian cheese giant Saputo for $134.4 million (€94.4m) in cash. The 170-person operation includes cutting and wrapping, distribution, sales and marketing. It also covers the Cracker Barrel, Coon, Mil Lel and Fred Walker brands. It is being purchased through […]
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 […]
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 […]
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 […]
Saputo has signed a C$61 million (€41m) deal to buy the milk business of Nova Scotia’s Scotsburn Co-operative Services. Scotsburn will keep its ice cream and frozen novelties business. The co-op operates two milk processing facilities located in Sydney and Mount Pearl in Canada, employing about 400 people. The operations produce and sell milk, cream, sour cream, ice […]
Canadian dairy giant Saputo has extended its offer for Warrnambool Cheese and Butter in Australia, meaning its A$515 million (€336.7m) bid is live until 22 January. It owns 21.39% of the firm. The offer keeps it ahead of rival bidder Murray Goulburn of Australia, which currently has 17.7% of the firm’s shares.