Warrnambool Cheese and Butter Factory

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Decision on Murray Goulburn sale delayed

2 Feb 2018

Australia's competition watchdog has pushed back the date on which it is set to announce its verdict on Saputo's planned acquisition of the operating assets and liabilities of local dairy giant Murray Goulburn.

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.

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.

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. 

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.

Food industry news of the week: Australia grocery code, Spanish dairy price-fixing

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 acquire Lion's cheese business

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 earnings rise on Australia buy, US boost

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.

On the money: Where will acquisitive Saputo find its next M&A target?

5 Aug 2014

Canadian dairy group Saputo is continuing to examine further M&A opportunities even as it digests recent acquisitions including Australia's Warrnambool Cheese and Butter Factory and the Atlantic Canada fluid-milk business of Scotsburn Cooperative Services. Katy Askew reports.

CANADA: Saputo profit rises on acquisitions

5 Aug 2014

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

AUS: Murray Goulburn eyes overseas with new capex

6 May 2014

Australian dairy co-op Murray Goulburn is looking to build on the business it does in Asia with a series of capital investments.

just-food's research round-up: global confectionery, savoury snacks in Russia, dairy in Australia

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.

Focus: Parmalat could milk Harvey Fresh in Oz and overseas

2 Apr 2014

Parmalat, majority-owned by French dairy giant Lactalis, has made a significant move to bolster its business in Australia 15 years after it first entered the market. Parmalat has snapped up Australian dairy and fruit juice firm Harvey Fresh, a deal industry watchers believe could help the Italian firm's local business and help it expand its presence in Asia. Dean Best reports.

AUS: WCB first-half earnings more than double

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.

AUS: Saputo closes WCB pursuit with 88% stake

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.

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

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".

Focus: Saputo looks overseas to offset domestic challenges

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.

Editor's choice: the highlights on just-food last week

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

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.

AUS: Murray Goulburn to accept Saputo's WCB bid

23 Jan 2014

Murray Goulburn has decided to accept the takeover offer for fellow Australian dairy firm Warrnambool Cheese and Butter Factory from Saputo.

AUS: Saputo secures control of Australian dairy WCB

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.

Editor's choice: the highlights on just-food last week

20 Jan 2014

US group Hain Celestial swooped again in the UK last week, snapping up UK rice business Tilda. Meanwhile, obesity grabbed UK headlines with warnings forecasts for the condition could have under-estimated the problem. Fonterra issued another product recall, Saputo received a boost in its bid to buy Warrnambool Cheese and Butter Factory, while our first just-food interview of 2014 saw us meet Quorn Foods CEO Kevin Brennan.

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

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.

AUS: Bega Cheese to sell WCB stake to Saputo

16 Jan 2014

Saputo's bid to buy Warrnambool Cheese and Butter Factory was given a boost today (16 January) after Bega Cheese decided to sell its stake in the Australian firm to the Canadian dairy giant.

Editor's choice: the highlights on just-food last week

13 Jan 2014

Dairy led the headlines in our sector this week. Danone is to sue Fonterra over last year's botulism contamination saga, French dairy giant Lactalis has entered India with the acquisition of local firm Tirumala Milk Products and Saputo has told Warrnambool Cheese and Butter Factory's investors its offer for the Australian dairy processor is final.

AUS: Our offer is final, Saputo tells WCB investors

10 Jan 2014

Saputo has said its current bid for Australian dairy processor Warrnambool Cheese and Butter Factory is its "last and final offer".

AUS: Bega receives interest in WCB stake

3 Jan 2014

Australian dairy processor Bega Cheese has received interest in its stake in local peer and takeover target Warrnambool Cheese and Butter Factory.

Editor's choice: the highlights on just-food this week

23 Dec 2013

Tesco and Hershey grabbed the headlines in the last full week before Christmas with potential moves to bolster their businesses in India and China respectively. Beijing, meanwhile, has announced plans to investigate the price of agricultural commodities to try to encourage stability in prices. Horsemeat hit the news again with arrests in France over claims horses tested on in labs have entered the food chain.

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

23 Dec 2013

Despite its recent struggles at home and abroad, Tesco this week indicated it had ambitions for growth with its application to run multi-brand outlets in India. Over in China, Hershey sought to further build its business with a deal to buy 80% of local confectioner Shanghai Golden Monkey. And horsemeat returned to the headlines with arrests in France after horses tested on in labs allegedly entered the country's food chain.

AUS: Bega Cheese to drop out of WCB race

19 Dec 2013

Australian dairy processor Bega Cheese, which kicked off the takeover battle for local peer Warrnambool Cheese and Butter Factory, is to walk away from the table and close its offer.

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