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On the money: Acquisitive Saputo hungry for more

Canadian dairy group Saputo is continuing to examine further M&A opportunities even as it digests recent acquisitions including Australia's...

FMCG in Middle East: How leading execs view region

For packaged food manufacturers with ambitions for international growth, the Middle East presents an opportunity, with growing populations e...

FMCG in Middle East: How leading execs view region

Dean Best | 2 May 2014

For packaged food manufacturers with ambitions for international growth, the Middle East presents an opportunity, with growing populations enjoying rising incomes. In its management briefing on the region, just-food provides a flavour of what leading food and drink executives have said about Middle East in recent weeks.

Focus: Saputo looks overseas to offset home trials

Katy Askew | 10 Feb 2014

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.

China: Multinationals vie for place at table

Katy Askew | 29 Nov 2013

With an increasingly affluent population of more than 1.36bn mouths to feed the potential offered by China's food sector is immense. But the size of the opportunity does not, in itself, guarantee success. Competition is fierce as multinational food groups and local players alike look to grow their share of this vast pie. Katy Askew examines the competitive dynamics of the Chinese food sector.

Comment: Eyes on Saputo as Bega shows WCB hand

Dean Best | 14 Nov 2013

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.

Latest Interviews

ANUGA 2013: Saputo eyes emerging markets

Katy Askew | 8 Oct 2013

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.

Latest News

Saputo H1s hit by lower selling prices

Hannah Abdulla | 6 Nov 2015

Lower international selling prices combined with higher raw material costs have hit Saputo's profits for the first six months of its financial year.

Wrap: Nestle/R&R; TPP deal; US dietary guidelines

Dean Best | 12 Oct 2015

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 buys Canadian firm Woolwich Dairy

Helen Arnold | 6 Oct 2015

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 Q1 profits down

Dean Best | 5 Aug 2015

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.

Saputo lifted by M&A, analyst cautions on outlook

Katy Askew | 8 Jun 2015

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.

Food industry news of week: Dr Oetker, Hain

Dean Best | 6 Mar 2015

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.

Saputo's Warrnambool to buy Lion's cheese arm

Katy Askew | 2 Mar 2015

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 reports boost from US, Australia operations

Dean Best | 6 Feb 2015

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.

Bimbo to buy Saputo's bakery arm

Dean Best | 18 Dec 2014

Mexican bakery giant Grupo Bimbo has reached an agreement to buy Saputo's bakery business for C$120m.

Saputo earnings rise on Australia buy, US boost

Dean Best | 7 Nov 2014

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.

Saputo profit rises on acquisitions

Katy Askew | 5 Aug 2014

Canadian dairy giant Saputo has booked higher first-quarter profits thanks to the contribution from recent acquisitions.

Quote, unquote: just-food's week in words

Hannah Abdulla | 23 Jun 2014

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 boycotts dairy supplier on cattle abuse

Hannah Abdulla | 17 Jun 2014

Saputo has announced it is not accepting milk from Chilliwack Cattle Sales following the release of images detailing the mistreatment of cattle.

Saputo shares inch up on FY profit growth

Hannah Abdulla | 6 Jun 2014

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 research round-up

just-food Research Team | 17 Apr 2014

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.

Saputo to close four plants, 180 jobs axed

Hannah Abdulla | 27 Mar 2014

Dairy giant Saputo has announced the closure of four plants, affecting 180 jobs.

WCB first-half earnings more than double

Katy Askew | 28 Feb 2014

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 closes WCB pursuit with 88% stake

Dean Best | 13 Feb 2014

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.

Lion books dairy write-down, warns of "headwinds"

Dean Best | 13 Feb 2014

Australian group Lion has booked an impairment charge of A$338.8m on its dairy business, which it warned faced "considerable headwinds".

Dean Foods shares sour after 2014 warning

Dean Best | 12 Feb 2014

Shares in Dean Foods tumbled yesterday after the US dairy giant warned commodity prices would weigh on the business this year.

Saputo Q3 sales, earnings jump

Katy Askew | 7 Feb 2014

Canadian dairy major Saputo has booked an increase in third-quarter sales and earnings, boosted by its acquisition of Morningstar Foods and a strong performance from the group's international businesses.

Editor's choice: the highlights on just-food

Dean Best | 27 Jan 2014

Mondelez International last week announced Nelson Peltz is set to join the company's board. The activist shareholder's investment fund disclosed the US billionaire has turned his focus away from campaigning Mondelez to merge with PepsiCo - and encourage the cola and crisps group to split in two.

Quote, unquote: just-food's week in words

Hannah Abdulla | 27 Jan 2014

Last week, the race to buy Australian dairy Warrnambool Cheese and Butter Factory took a decisive turn when Murray Goulburn - and WCB investor - accepted the bid from rival suitor Saputo's takeover bid in what has been an ongoing saga. ConAgra Foods and US retailer Trader Joe's were accused of breaking competition law, while Cargill settled discrimination claims out of court. There were rumours French meats firm Jean Caby was undergoing a restructure and that United Biscuits could either float or be sold. And there were job losses at Kellogg, UK baker Bright Blue and US meat giant Tyson Foods. Here is the week in quotes.

Company research

Saputo Inc in Packaged Food (Canada)

Saputo Inc in Packaged Food (Canada)

Saputo Inc will continue to focus on value-added products to achieve volume growth in the dairy category, notably within fine speciality cheese and value-added milk. The company sold its bakery divisi...

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Dairy in Canada

Dairy in Canada

Dairy in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2009-13, and forecast to 2018). The profile also contains descriptions...

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Global Dairy Food Market: News and Events January 2014

Global Dairy Food Market: News and Events January 2014

The report provides a review of the latest news and key events in the global dairy food market during January 2014. Summary Using this report, marketers will effectively gain an insight into the late...

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