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2017 - the year in food industry M&A

15 Dec 2017

Andy Coyne looks at significant transactions and emerging themes in merger, acquisition and investment activity in the global food sector during 2017.

Murray Goulburn reaches settlement over milk-price claims

17 Nov 2017

Murray Goulburn, the Australian dairy co-op, has settled with the country's corporate watchdog over claims the Devondale owner misled farmers about the price the business would pay for milk.

Canadian dairy company Saputo to close Wisconsin plant

10 Nov 2017

Canadian dairy giant Saputo plans to close a cheese factory in the US state of Wisconsin only two weeks after completing a deal to buy struggling Australian cooperative Murray Goulburn.

Saputo confident it can turn around "distressed" Murray Goulburn

3 Nov 2017

Canadian dairy business Saputo has given an insight into its plans to improve the fortunes of Murray Goulburn, the Australian dairy cooperative it struck a deal to buy last week for CAD1.29bn (US$1.01bn).

Saputo makes US goat cheese firm Betin latest M&A move

1 Nov 2017

Canadian dairy business Saputo has acquired US goat cheese firm Betin, which trades under the Montchevre name.

Eyeing Asia, Saputo moves for Murray Goulburn - editor's viewpoint

30 Oct 2017

Dean Best weighs up why Saputo has moved to buy the embattled Australian dairy group.

Canada's Saputo strikes deal to buy Murray Goulburn

27 Oct 2017

Canada's Saputo has agreed to buy struggling Australian dairy cooperative Murray Goulburn for CAD1.29bn (US$1bn), ending months of speculation over a potential suitor.

Murray Goulburn confirms approaches from suitors

21 Sep 2017

Up-for-sale Australian dairy processor Murray Goulburn has confirmed it has had approaches from a number of suitors interested in either buying some assets or taking over the whole co-operative.

Saputo buys Southeast Milk division

4 Sep 2017

Saputo, the Canada-based dairy giant, has snapped up part of US firm Southeast Milk.

Canada's Saputo books positive Q1 results on higher dairy prices

1 Aug 2017

Canadian dairy producer Saputo booked higher sales and profits the first quarter ended June, noting higher selling prices in some of its key markets.

Australian dairy sector launches code of practice

30 Jun 2017

The Australian Dairy Industry Council (ADIC) has launched a voluntary code of practice to govern contractual arrangements between companies and dairy farmers.

Saputo sees stronger FY earnings

5 Jun 2017

Canadian dairy group Saputo booked higher full-year earnings on the back of increased sales and lower financial costs.

Saputo lifts Warrnambool Cheese and Butter Factory buy-out offer

21 Feb 2017

Saputo has raised its offer to minority shareholders in Warrnambool Cheese and Butter Factory, the Australian firm in which the Canada-based dairy group, holds a majority stake.

Saputo jobs to go in Canada amid pressure on local margins

3 Feb 2017

Saputo, the Canada-based dairy group, is to cut jobs from its domestic operations in a bid to "improve operational efficiency" in a "low-growth and competitive market".

Saputo 9M sales, earnings rise

3 Feb 2017

Canada-based dairy group Saputo has reported increased earnings for the first nine months of its financial year as higher sales volumes, recent M&A and improvements in efficiency offset lower global prices for cheese and dairy ingredients.

Warrnambool Cheese and Butter Factory backs Saputo bid for full ownership 

30 Jan 2017

Warrnambool Cheese and Butter Factory has backed an offer from majority owner Saputo that would see the Canadian dairy giant take full control of the Australian group. 

Maxime Therrien to succeed Louis-Philippe Carriere as Saputo CFO

19 Dec 2016

Saputo, the Canada-based dairy group, has said chief financial officer and secretary Louis-Philippe Carrière is to retire in August after 30 years with the company.

Saputo H1 sales, earnings rise amid volume boost

4 Nov 2016

Saputo, the Canada-based dairy group, has reported higher first-half profits, helped by lower costs but also volume-driven improvements in sales.

Canadian dairy firms grumble over another hike to price floors

8 Sep 2016

Canadian dairy processors have expressed their concern regarding the imposition of another increase in the minimum price they must pay for butter and skimmed milk powder

Saputo sells US plant to Milk Specialties Global

5 Sep 2016

Saputo, the Canada-based dairy group, has sold a plant in the US to local dairy ingredients group Milk Specialties Global.

Saputo Q1 buoyed by Canada and US

2 Aug 2016

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 reports mixed FY results

3 Jun 2016

Saputo, the Canada-based dairy group, has posted lower annual profits, although it said revenues and underlying earnings rose year-on-year.

Saputo to promote Kai Bockmann to COO

22 Apr 2016

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.

Saputo to close three Canadian plants 

23 Mar 2016

Canadian dairy group Saputo plans to close three production facilities in its home market in a bid to improve efficiency. 

Saputo Q3 boosts 9M profits

5 Feb 2016

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.

Saputo H1s hit by lower selling prices

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.

Food industry news of the week - R&R Ice Cream, TPP trade deal, US dietary guidelines

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

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

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

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.

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