Canada: Saputo to acquire cheese maker Montchevre
Canadian dairy company Saputo has signed an agreement to acquire US goat’s cheese manufacturer Montchevre. The announcement comes around a week after the firm announced it had agreed to acquire Australian dairy firm Murray Goulburn in a billion-dollar deal. Monthchevre has a facility in Belmont, Wisconsin, with 320 employees involved in the manufacture, marketing and distribution of goat […]
Australia: Saputo to acquire Murray Goulburn
Saputo, a leading global dairy firm, has announced that it has reached an agreement to acquire its Australian counterpart Murray Goulburn for a purchase price of A$1.31 billion ($1.0 billion) on a debt-free basis, subject to shareholder approval and regulatory clearance. Murray Goulburn produces a full range of dairy products, including milk drinks, milk powder, cheese and […]
Mexico: Grupo Bimbo to acquire the bakery division of Saputo Inc
Mexico’s Grupo Bimbo has made another step towards strengthening its position in Canada, reaching an agreement to acquire, through its subsidiary Canada Bread Company Ltd, the total shares outstanding of Saputo Bakery Inc., a subsidiary of Saputo Inc. Canada Bread joined the Grupo Bimbo business last February having been acquired from Maple Leaf Foods for […]
Australia: Bidding war over Warrnambool enters new phase
Canadian company Saputo will now face only rival Murray Gouldburn to acquire Australia’s oldest diary processor Warrnambool after Bega Cheese withdrew its bid, according to Canadian Manufacturing. Bega Cheese had launched a fierce bidding war over the acquisition of Warrnambool in September. However its share offer has thus far attracted less than 1% of shareholders. […]