Canadian dairy group Saputo is continuing to examine further M&A opportunities even as it digests recent acquisitions including Australia's...
For packaged food manufacturers with ambitions for international growth, the Middle East presents an opportunity, with growing populations e...
| 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.
| 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.
| 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.
| 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.
| 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.
| 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.
| 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.
| 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).
| 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.
| 18 Dec 2014
Mexican bakery giant Grupo Bimbo has reached an agreement to buy Saputo's bakery business for C$120m.
| 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.
| 5 Aug 2014
Canadian dairy giant Saputo has booked higher first-quarter profits thanks to the contribution from recent acquisitions.
| 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
| 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.
| 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.
| 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.
| 27 Mar 2014
Dairy giant Saputo has announced the closure of four plants, affecting 180 jobs.
| 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.
| 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.
| 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".
| 12 Feb 2014
Shares in Dean Foods tumbled yesterday after the US dairy giant warned commodity prices would weigh on the business this year.
| 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.
| 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.
| 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.
| 23 Jan 2014
Murray Goulburn has decided to accept the takeover offer for fellow Australian dairy firm Warrnambool Cheese and Butter Factory from Saputo.
| 22 Jan 2014
Saputo has secured control of Warrnambool Cheese and Butter Factory after winning the backing of shareholders representing over half the Australian dairy processor.
| 20 Jan 2014
Saputo has moved to expand its presence in Atlantic Canada through the acquisition of the liquid milk operations of Nova Scotia-based Scotsburn Co-Operative Services.
| 20 Jan 2014
This week, we interviewed the boss of UK-based meat-free business Quorn Foods, which saw sales jump last year, helped by the horsemeat saga. We also spoke to the chair of the National Obesity Forum after its report warned forecasts on UK obesity rates may have under-estimated the problem. Elsewhere, Fonterra was caught up in another recall, Saputo received a boost in its bid to buy Australian dairy Warrnambool Cheese and Butter Factory and Hain Celestial swooped to acquire UK rice firm Tilda.
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