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Saputo

#2083

Rank

$7.44B

Marketcap

CA Canada

Country

Saputo
Leadership team

Mr. Lino Anthony Saputo Jr. (Chairman, Pres & CEO)

Mr. Maxime Therrien C.A., CPA, CA, CPA (CFO & Sec.)

Ms. Gaétane Wagner (Chief HR Officer)

Products/ Services
Food and Beverage, Food Processing
Number of Employees
1,000 - 20,000
Headquarters
Montréal, Quebec, Canada
Established
1954
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
SAP.TO
Social Media
Overview
Location
Summary
Saputo Inc. produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses. It also provides fluid milk, yogurt, sour cream, cottage cheese, and ice cream mixes, as well as other dairy and non-dairy products, which comprise butter, cream and creamers, aerosol whipped toppings, whipping cream, dips, spread, oil, flavored coffee whitener, and iced coffee. In addition, the company offers dairy ingredients and nutritional products, including milk powder, casein, whey powder, lactose, lactoferrin, infant formula, and whey protein concentrates; and distributes fine imported cheese to specialty stores, as well as dairy and non-dairy products manufactured by third parties. It serves customers in the retail, foodservice, and industrial segments. The company sells its products under the Saputo, Alexis de Portneuf, Armstrong, Bari, Cogruet, DuVillage 1860, Kingsey, Shepherd Gourmet Dairy, Stella, Woolwich Goat Dairy, Cathedral City, Clover, Country Life, Davidstow, Frylight, Wensleydale Creamery, Vitalite, Sheese, Dairyland, Neilson, Nutrilait, Baxter, Scotsburn, Trutaste, Milk2Go/Lait's Go, Joyya, Baileys, Heluva Good, CHEER, Cracker Barrel, Devondale, Fred Walker, Great Ocean Road, King Island Dairy, Liddells, Mersey Valley, Mil Lel, Murray Goulburn Ingredients, Warrnambool, South Cape, Sungold, Tasmanian Heritage, La Paulina, Molfino, Ricrem, Black Creek, Frigo Cheese Heads, Gardenia, Great Midwest, King's Choice, Lugano, Montchevre, Organic Creamery, Salemville, Treasure Cave, DairyStar, and Friendship Dairies brands. Saputo Inc. was founded in 1954 and is headquartered in Montreal, Canada.
History

Master cheesemaker Giuseppe Saputo, his son Lino Saputo and family immigrated to Montreal from Montelepre, Italy, in the early 1950s. In September 1954, Lino convinced his father to start his own business. Using $500 to buy some basic equipment and a bicycle for deliveries, the Saputo family founded a cheesemaking company bearing its name. In 1957, Saputo's first sizable production facility was built in Montreal's Saint-Michel neighbourhood. Saputo went through considerable growth in the 1960s and 1970s as demand for its products increased. It became Canada's largest producer of mozzarella in the 1980s.In 1988, Saputo expanded to the United States by acquiring two cheese plants. In the 1990s, the company made several acquisitions to diversify its product offering and geographic reach. In 1997, it became a publicly traded company and tripled in size following the acquisition of Stella Foods in the US.In 2001, Saputo acquired Dairyworld Foods, the production and marketing arm of Agrifoods International Cooperative Ltd, which included the Dairyland milk and Armstrong cheese brands, for C$407 million. Agrifoods International was itself the result of a series of mergers between dairy cooperatives in Western Canada in the 1990s. Armstrong Cheese was formerly an independent cheese maker in Armstrong, British Columbia, which was acquired by Dairyworld in 1997. After Saputo obtained the brand, it closed the plant in Armstrong.In 2003, the firm continued to acquire businesses in the US and expanded into Argentina with the acquisition of Molfino Hermanos S.A. That same year, while remaining chairman of the board Lino Saputo stepped down as president and CEO and was succeeded in this role by his son, Lino A. Saputo. In 2008, Saputo acquired Neilson Dairy from George Weston Limited for C$465 million. The firm announced in 2012 it would buy Morningstar Food for US$1.45 billion. In January 2014, Saputo announced that they would be purchasing the fluid milk business of Scotsburn Co-operative Services Limited of Nova Scotia for $61 million. In February 2014, Saputo acquired a relevant interest of 87.920 percent of Victoria, Australia, dairy product firm Warrnambool Cheese & Butter Factory Company Holdings Limited shares. It acquired all the remaining shares in March 2017.On February 3, 2015, Canada Bread Company Limited completed a C$120 million acquisition of Saputo Bakery, a division of Saputo Inc. Canada Bread Company Limited is a subsidiary of Mexico's Grupo Bimbo.In September 2017, Saputo announced complete acquisition of the Extended Shelf-Life Dairy Product Activities of Southeast Milk, Inc. in the United States. In November 2017, According to the reports, Saputo acquired Betin Inc. a Belmont specialty cheese maker with a facility that employs 319 workers.On February 22, 2019, it was announced that Saputo would be buying British dairy company, Dairy Crest. The company was valued at C$1.7 billion . The transaction was completed on April 15, 2019.

Mission
As we grow, our dedicated team works in unity towards our main priority
Vision
The strength of our united workforce will gives us the confidence needed to keep growing our business
Key Team

Mr. Carl Colizza (Pres & COO of North America)

Nicholas Estrela (Director of Investor Relations)

Ms. Isabelle Viger (Sr. VP of Legal Affairs)

Mr. Terry Brockman (Chief Bus. Officer of Dairy Division (USA))

Mr. Martin Gagnon (Chief Acquisition & Strategic Devel. Officer)

Mr. Frank Guido (Pres & COO of Dairy Division Canada)

Mr. Tom Atherton (Pres & COO of Saputo's Dairy Division (UK))

Recognition and Awards
Saputo has consistently placed within the Top 10 of Canada's Best Managed Companies for 13 years in a row and has been rewarded the Quality mark from Dairy Farmers of Canada.
References
Saputo
Leadership team

Mr. Lino Anthony Saputo Jr. (Chairman, Pres & CEO)

Mr. Maxime Therrien C.A., CPA, CA, CPA (CFO & Sec.)

Ms. Gaétane Wagner (Chief HR Officer)

Products/ Services
Food and Beverage, Food Processing
Number of Employees
1,000 - 20,000
Headquarters
Montréal, Quebec, Canada
Established
1954
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
SAP.TO
Social Media