Saputo Inc.
Other OTCCapital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.- CEO
- Carl Colizza
- Full Time Employees
- 19,200
- Sector
- Consumer Defensive
- Industry
- Packaged Foods
- Address
- 6869 MEtropolitain Boulevard East Montreal QC Canada H1P 1X8
- IPO Date
- Feb 22, 2010
- CIK
- 0002072563
- Website
- saputo.com
- Similar Companies
- Business
- Saputo Inc. produces, markets and distributes a wide array of dairy products including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, dairy ingredients, and dairy alternative cheeses and beverages; the company offers these under market-leading brands such as Saputo, Armstrong, Cathedral City, Dairyland, Devondale, Frigo Cheese Heads, Joyya, Neilson, Stella, and Treasure Cave, as well as private label brands for retail, foodservice and industrial customers. Founded in 1954 and headquartered in Montreal, Quebec, Saputo ranks among the top ten dairy processors worldwide, with leading positions as Canada's largest cheese manufacturer and fluid milk processor, a top three cheese producer in the USA, the top dairy processor in Argentina, a leading dairy processor in Australia, and the leading branded cheese and dairy spreads manufacturer in the United Kingdom. Saputo operates 58 manufacturing facilities across four sectors--Canada, USA, International and Europe--employing approximately 19,400 people and selling products in over 60 countries. The company serves consumer, foodservice and industrial segments, with North America contributing over half of revenues through strong demand for specialty cheeses, snacks and health-focused items; it targets urban and rural consumers favoring premium, traditional and convenient dairy options globally. Recent developments include CDPQ increasing its stake to 4.5% with a $378 million purchase of 13.5 million shares in September 2024; divestiture of King Island Dairy operations in Australia to an investor consortium, set to close mid-2025, to streamline the portfolio toward domestic and premium exports; restructuring of UK operations with a $63 million non-cash write-down alongside investments in automation, process innovation and high-value dairy ingredients like WPC 80 capacity expansion in Wisconsin; announcement of a normal course issuer bid in November 2025 to repurchase up to 20.5 million shares; and anticipation of benefits from the USDA's new milk pricing formula effective June 2025.
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