Saputo Stock

Saputo Inc. produces, markets, and distributes a wide array of dairy products from Canada, the United States, Australia, Argentina, and the United Kingdom.

The company’s subsidiaries produce a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients.

Segments

The company reports its operations under four geographic sectors. The Canada Sector consists of the Dairy Division (Canada). The USA Sector consists of the Dairy Division (the U.S.A.). The International Sector combines the Dairy Division (Australia) and the Dairy Division (Argentina). Finally, the Europe Sector consists of the Dairy Division (the U.K.). The company sells its products in three different market segments, such as retail, foodservice, and industrial.

Business Acquisitions

Lion Dairy & Drinks Pty Ltd

In October 2019, the company acquired the specialty cheese business of Lion Dairy & Drinks Pty Ltd (the Specialty Cheese Business). The Specialty Cheese Business is conducted at two manufacturing facilities located in Burnie and King Island, Tasmania (Australia). The Specialty Cheese Business produces, markets, and distributes a variety of specialty cheeses under a wide portfolio of Australian brands, including Australian Gold, King Island Dairy, Mersey Valley, South Cape, and Tasmanian Heritage.

Dairy Crest Group plc (Dairy Crest)

In April 2019, the company completed the acquisition of Dairy Crest based in the United Kingdom. Dairy Crest manufactures and markets cheese, butter, spreads, oils, and value-added dairy ingredients. The acquisition enables the company to enter the U.K. market.

In May 2021, the company completed the acquisition of Bute Island Foods Ltd. based in Scotland (the United Kingdom). Bute Island Foods Ltd. is a manufacturer, marketer and distributor of a variety of dairy alternative cheese products for both the retail and foodservice market segments under the vegan Sheese brand, alongside private label brands.

Additionally, in May 2021, the company acquired the Reedsburg facility of Wisconsin Specialty Protein, LLC (the Reedsburg Facility). This facility located in Wisconsin (the U.S.A.) manufactures value-added ingredients, such as goat whey, organic lactose and other dairy powders.

Growth Strategy

The company’s strategy is to strengthen its core business; accelerate product innovation; increase the value of its ingredients portfolio; optimize and enhance operations; and create enablers to fuel investments.

History

Saputo Inc. was founded in 1954.