Saputo Inc

Saputo Inc.
Public (SAP)
Industry Food - Major Diversified
Headquarters Montreal, Quebec, Canada
Area served Canada
Germany
Wales (United Kingdom)
Argentina
United States
Key people

Lino Saputo (Executive Chairman)

Lino A. Saputo, Jr. (Vice-Chairman, CEO, President)
Revenue Net income
Employees 9,200 (2008)[2]
Subsidiaries

Alto Dairy Cooperative

Dairyland Canada

Neilson Dairy

Vachon Inc.
Website www.saputo.com

Saputo Inc. (mergers and acquisitions.

Saputo operates in Canada, as well as in the United States, Germany, Wales and Argentina. It is the largest dairy processor in Canada,[4] third largest in Argentina, and among the three largest cheese makers in the United States. About a third of its revenues come from the company’s United States operations. Saputo has the Canadian rights to Hostess Brands products (one scenario, with the bankruptcy & closure of Hostess Brands, has Saputo making some or all of the brands, like Twinkies, for the U.S. and possibly the world market).[5]

History

Saputo acquired Dairyworld Foods and its stable of brands including "Dairyland" milk and "Armstrong" cheese, which was the production and marketing arm of Agrifoods International Cooperative Ltd, in 2001 for C$407 million.[6][7] 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 based in Armstrong, British Columbia which was acquired by Dairyworld in 1997. After Saputo obtained the brand, it closed the plant in Armstrong.

In 2008, Saputo continued its series of acquisitions by purchasing Neilson Dairy from George Weston Limited for C$465 million.[8]

Saputo announced in 2012 it would buy Morningstar Food for US$1,45 billion.[9] The US company makes 2/3 of its sales from products sold to restaurants, including coffee, whipped cream, ice cream, cottage cheese and sour cream.

Brands

The number of trade-marks is large. There are 650 trade-marks registered in Canada.[10] Brands by Saputo include: Saputo, Alexis de Portneuf, Alto, Armstrong, Baxter, Black Creek "Wisconsin Classic", Dairyland, Danscorella, De Lucia, Dragone, DuVillage 1860, Frigo, Kingsey, La Paulina, Nutrilait, Neilson, Ricrem, Stella, Treasure Cave, HOP&GO!, Rondeau and Vachon.[11]

Subsidiaries

See also

References

  • Dairy Foods, August, 2004. Saputo is golden: Canada's top dairy celebrating anniversary
  • The Globe and Mail, September 15, 2003. Saputo to close two plants , sell one.
  • National Post: Saputo aims to stay a big cheese
  • Food & Drink Weekly, April 4, 2005. Saputo, the largest dairy processor in Canada, is to buy the manufacturing, marketing and distribution rights to Fromage Cote SA's and Distributions Kingsey Inc's cheese business for C$54 million

External links

  • Official site
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.