Canadian dairy group Saputo is continuing to examine further M&A opportunities even as it digests recent acquisitions including Australia's...
Parmalat, majority-owned by French dairy giant Lactalis, has made a significant move to bolster its business in Australia 15 years after it...
Canadian dairy giant Saputo is expanding apace internationally as it looks to offset domestic challenges with growth overseas. The group is expanding capacity in Argentina, has taken majority ownership of Australia's Warrnambool Cheese and Butter Factory in Australia and is hungry for more international M&A. Katy Askew reports.
Two of the bidders for Warrnambool Cheese and Butter Factory have this week made fresh offers for the Australian dairy. The focus now moves to the third suitor - Canadian dairy giant Saputo, which has long coveted an entry into the market and is eyeing the business as a way into Asia.
Dean Foods said an expected increased savings in the fourth quarter and into 2014 will help offset volume deleveraging from its lost business.
The battle to acquire Warrnambool Cheese and Butter Factory has evolved into a complex series of tactical manoeuvres that could make Sun Tzu's The Art of War seem like light reading. Since the first takeover approach was announced, the tussle for WCB has seen industry majors Saputo, Murray Goulburn and Bega Cheese competing for ownership of the Australian dairy. With the stakes high, it is clear that it is all still to play for. Katy Askew reports.
Saputo has beefed up its scale through a swathe of acquisitions in recent years and the Canadian dairy company could seal a long-awaited deal to acquire Australia's Warrnambool Cheese and Butter Factory. But ambitious Saputo seems unlikely to rest on its laurels. Katy Askew caught up with president and COO Kai Bockmann at this year's Anuga to find out more about Saputo's growth drive.
Saputo, the Canada-based dairy group, has reported higher first-quarter sales and profits, helped by increased revenues in its domestic market and in the US.
Saputo, the Canada-based dairy group, has posted lower annual profits, although it said revenues and underlying earnings rose year-on-year.
Saputo, the Canada-based dairy group, has announced Kai Bockmann, the president and COO of its international division will move up to take the same roles across the business.
Canadian dairy group Saputo plans to close three production facilities in its home market in a bid to improve efficiency.
Saputo, the Canada-based dairy group, has reported higher profits for the first nine months of the financial year after an improved third quarter offset lower earnings in the first six months of the period.
Lower international selling prices combined with higher raw material costs have hit Saputo's profits for the first six months of its financial year.
Nestle's "advanced" talks to put the bulk of its ice cream business into a venture with the UK's R&R Ice Cream was the week's stand-out M&A story, while regulatory developments - the TPP trade deal, food safety rules in China and US dietary guidelines - caught the eye elsewhere.
Saputo has moved to enhance its position in speciality cheese in North America with the purchase of Canada-based Woolwich Dairy for C$80m (US$61.2m).
Saputo, the Canada-based dairy group, has booked lower first-quarter sales and earnings, hit by lower selling prices in export markets and a decline in its domestic dairy ingredients sector.
Canadian dairy group Saputo booked higher full-year sales and earnings thanks to the contribution from recently-acquired Australian dairy firm Warrnambool Cheese and Butter Factory.
This week, the spotlight on the relationships between suppliers and retailers turned to Australia, where a new code of conduct is to be set up. Meanwhile, Spain's anti-trust watchdog fined 11 dairy companies over alleged price collusion. A series of M&A deals this week included Dr Oetker's move for European frozen cake maker Coppenrath & Wiese. And our latest management briefing analysed the opportunities for packaged food manufacturers in the US foodservice market.
Warrnambool Cheese and Butter Factory - the Australian arm of Canadian dairy group Saputo - has struck a deal to acquire the everyday cheese business of Lion Pty Ltd for approximately A$137.5m (US$107.1m).
Saputo has booked higher nine-month sales and earnings as the Canada-based dairy group benefited from higher cheese and butter prices in the US, as well its acquisition of Australian business Warrnambool Cheese and Butter Factory.
Mexican bakery giant Grupo Bimbo has reached an agreement to buy Saputo's bakery business for C$120m.
Canadian dairy giant Saputo has reported higher half-year profits on the back of its acquisition of Australian dairy Warrnambool Cheese and Butter Factory and improvements from its US business.
Canadian dairy giant Saputo has booked higher first-quarter profits thanks to the contribution from recent acquisitions.
This week shares dipped in both Premier Foods and ConAgra Foods after the firms said they were likely to miss earnings forecasts for their respective quarters. Elsewhere, PepsiCo and Mondelez both showed their commitment to R&D through the opening of new facilities. Danone debuted its desserts range in the US, but in the UK was in hot water with the advertising watchdog who claimed its Nutricia Growing Up Milk ad implied the health of kids that didn't consume the product would suffer. Here is the week in quotes
Saputo has announced it is not accepting milk from Chilliwack Cattle Sales following the release of images detailing the mistreatment of cattle.
Share prices in Saputo edged up today (6 June) as the firm reported an increase in net profits during the fourth quarter of the year and for the year ended 31 March.
just-food's look at the key issues facing the global confectionery sector, the savoury snacks business in Russia and the dairy industry in Australia are among the reports featured in this week's round-up from our research store.
Dairy giant Saputo has announced the closure of four plants, affecting 180 jobs.
Warrnambool Cheese and Butter Factory said today (28 February) its first-half earnings more than doubled despite the "distraction" of a takeover battle for the business, which resulted in Canada's Saputo taking majority ownership in the dairy group.
Saputo's takeover offer for Warrnambool Cheese and Butter Factory has closed, with the Canadian dairy giant holding just shy of 88% of the Australian processor.
Rabobank's annual league table of the world's largest dairy companies has been released - and the data underlines what a challenging market it has been in recent months.
Other Dairy in Canada
Retail sales of other dairy products, including chilled and shelf-stable desserts, coffee whiteners, condensed milk, cream and fromage frais and quark, increased by 3% in current value terms, to reach...
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