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{{Short description|Canadian dairy company}}
{{Short description|Canadian dairy company}}
{{primary sources|date=June 2017}}
{{Use mdy dates|date=February 2022}}
{{Use mdy dates|date=February 2022}}
{{Infobox company
{{Infobox company
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| products =
| products =
| services =
| services =
| revenue = {{decrease}} [[Canadian dollar|C$]]14.294 [[1000000000 (number)|billion]] <small>(FY2021)</small>
| revenue = {{increase}} [[Canadian dollar|C$]]17.843 [[1000000000 (number)|billion]] <small>(FY2023)</small>
| net_income = {{increase}} [[Canadian dollar|C$]]626 [[million]] <small>(FY2021)</small>
| net_income = {{increase}} [[Canadian dollar|C$]]1.553 [[billion]] <small>(FY2023)</small>
| equity =
| equity =
| owner =
| owner =
| num_employees = 19,200 (2023)
| num_employees = 18,000 (as at November 4, 2021){{citation needed|date=February 2022 |reason=This should be fully explained and sourced within the article.}}
| parent =
| parent =
| divisions =
| divisions =
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| footnotes =
| footnotes =
| intl =
| intl =
| foundation = 1954
| foundation = September 1954
| location_city = [[Montreal]], Quebec
| location_city = [[Montreal]], Quebec
| location_country = Canada
| location_country = Canada
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}}
}}


'''Saputo Inc.''' is a Canadian dairy company based in [[Montreal]], Quebec, founded in 1954 by the Saputo family. It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world.<ref>{{Cite web |date=June 9, 2017 |title=Our Company |url=http://www.saputo.com/en/Our-Company |publisher=saputo.com}}</ref><ref>{{Cite web |date=October 2, 2019 |title=Top world dairy companies |url=https://www.dairyinfo.gc.ca/eng/dairy-statistics-and-market-information/the-dairy-processing-sector/top-world-dairy-companies/?id=1503069520825 |access-date=March 31, 2021 |website=dairyinfo.gc.ca}}</ref> After growing in its home region of Quebec, it has expanded predominantly through [[mergers and acquisitions]]. Its products are sold in over 60 countries worldwide,<ref>{{Cite web |title=Shareholder Reports {{!}} Investors {{!}} Saputo |url=https://saputo.com:443/en/investors/shareholder-reports/2021 |access-date=November 26, 2021 |website=www.saputo.com{{!}}saputo.com}}</ref> operating in Canada, the United States, Argentina, Australia and the United Kingdom, with about half of its revenues coming from its US operations.<ref>{{Cite web |title=Financial Information - Investors |url=http://www.saputo.com/en/Investors/Investor-Toolkit/Financial-Highlights |access-date=June 10, 2017 |publisher=saputo.com}}</ref>{{primary source inline|date=June 2017}} It operated in Wales and Germany from 2006 to 2013.<ref>{{Cite web |title=Saputo bailing out of European cheese market |url=https://www.canadiancattlemen.ca/daily/saputo-bailing-out-of-european-cheese-market/ |accessdate=February 23, 2022}}</ref> It used to own the Canadian rights to [[Hostess Brands]] products.<ref>{{Cite web |last=Popken |first=Ben |date=November 19, 2012 |title=Twinkie's last stand: It's up to a mediator |url=http://lifeinc.today.com/_news/2012/11/19/15279605-twinkies-last-stand-its-up-to-a-mediator?lite |access-date=November 15, 2013 |publisher=Lifeinc.today.com}}</ref>
'''Saputo Inc.''' is a Canadian dairy company based in [[Montreal]], Quebec, founded in 1954 by the Saputo family. It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world.<ref>{{Cite web |date=June 9, 2017 |title=Our Company |url=http://www.saputo.com/en/Our-Company |publisher=saputo.com |access-date=June 9, 2017 |archive-date=June 6, 2017 |archive-url=https://web.archive.org/web/20170606160714/http://www.saputo.com/en/Our-Company |url-status=live }}</ref><ref>{{Cite web |date=October 2, 2019 |title=Top world dairy companies |url=https://www.dairyinfo.gc.ca/eng/dairy-statistics-and-market-information/the-dairy-processing-sector/top-world-dairy-companies/?id=1503069520825 |access-date=March 31, 2021 |website=dairyinfo.gc.ca |archive-date=April 20, 2021 |archive-url=https://web.archive.org/web/20210420131354/https://dairyinfo.gc.ca/eng/dairy-statistics-and-market-information/the-dairy-processing-sector/top-world-dairy-companies/?id=1503069520825 |url-status=live }}</ref>

The company has expanded predominantly through [[mergers and acquisitions]]. Its products are sold in over 60 countries worldwide.<ref>{{Cite web |title=Shareholder Reports {{!}} Investors {{!}} Saputo |url=https://saputo.com/en/investors/shareholder-reports/2021 |access-date=November 26, 2021 |website=www.saputo.com{{!}}saputo.com |archive-date=November 26, 2021 |archive-url=https://web.archive.org/web/20211126052533/https://saputo.com/en/investors/shareholder-reports/2021 |url-status=live }}</ref> It operated in Wales and Germany from 2006 to 2013.<ref>{{Cite web |title=Saputo bailing out of European cheese market |date=February 25, 2013 |url=https://www.canadiancattlemen.ca/daily/saputo-bailing-out-of-european-cheese-market/ |accessdate=February 23, 2022 |archive-date=February 23, 2022 |archive-url=https://web.archive.org/web/20220223210621/https://www.canadiancattlemen.ca/daily/saputo-bailing-out-of-european-cheese-market/ |url-status=live }}</ref> It used to own the Canadian rights to [[Hostess Brands]] products.<ref>{{Cite web |last=Popken |first=Ben |date=November 19, 2012 |title=Twinkie's last stand: It's up to a mediator |url=http://lifeinc.today.com/_news/2012/11/19/15279605-twinkies-last-stand-its-up-to-a-mediator?lite |access-date=November 15, 2013 |publisher=Lifeinc.today.com |archive-date=December 1, 2017 |archive-url=https://web.archive.org/web/20171201032505/http://lifeinc.today.com/_news/2012/11/19/15279605-twinkies-last-stand-its-up-to-a-mediator?lite |url-status=dead }}</ref>


== History ==
== History ==
[[File:WTMTL T23 DSC 5756.JPG|thumb|upright|Saputo plant, Montreal]]
[[File:WTMTL T23 DSC 5756.JPG|thumb|upright|Saputo plant, Montreal]]
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, Montreal|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.<ref name="primary-history">{{Cite web |title=Saputo History {{!}} Saputo |url=http://www.saputo.com/en/Our-Company/History-Overview |access-date=June 9, 2017 |publisher=saputo.com}}</ref><ref>{{Cite web |title=Cercle des Grands entrepreneurs du Québec |url=https://cercledesgrandsentrepreneurs.com/en/lino-saputo/an_entrepreneur.html |access-date=December 2, 2021 |website=cercledesgrandsentrepreneurs.com}}</ref>
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, Montreal|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.<ref name="primary-history">{{Cite web |title=Saputo History {{!}} Saputo |url=http://www.saputo.com/en/Our-Company/History-Overview |access-date=June 9, 2017 |publisher=saputo.com |archive-date=June 10, 2017 |archive-url=https://web.archive.org/web/20170610094613/http://www.saputo.com/en/Our-Company/History-Overview |url-status=live }}</ref><ref>{{Cite web |title=Cercle des Grands entrepreneurs du Québec |url=https://cercledesgrandsentrepreneurs.com/en/lino-saputo/an_entrepreneur.html |access-date=December 2, 2021 |website=cercledesgrandsentrepreneurs.com |archive-date=December 2, 2021 |archive-url=https://web.archive.org/web/20211202150823/https://cercledesgrandsentrepreneurs.com/en/lino-saputo/an_entrepreneur.html |url-status=live }}</ref>


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.<ref name="primary-history" />
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.<ref name="primary-history" />


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&nbsp;million.<ref>{{Cite news |date=December 18, 2000 |title=Saputo Inc. spends $407&nbsp;million for Dairyworld Foods |publisher=CBC News |url=http://www.cbc.ca/news/business/story/2000/12/18/saputo001218.html}}</ref> 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.{{citation needed|date=June 2017}} In 2003, the firm continued to acquire businesses in the US and expanded into Argentina with the acquisition of Molfino Hermanos S.A.<ref>{{Cite web |title=Saputo is Golden |url=https://www.dairyfoods.com/articles/83417-saputo-is-golden |access-date=December 2, 2021 |website=dairyfoods.com |language=en}}</ref> 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.<ref name="primary-history" /> In 2008, Saputo acquired [[Neilson Dairy]] from [[George Weston Limited]] for C$465&nbsp;million.<ref>{{Cite web |date=October 22, 2008 |title=Saputo acquires George Weston's Neilson dairy |url=http://www.canada.com/montrealgazette/news/business/story.html?id=d6799cff-a530-4748-a51a-75527e693f32 |url-status=dead |archive-url=https://web.archive.org/web/20140308000907/http://www.canada.com/montrealgazette/news/business/story.html?id=d6799cff-a530-4748-a51a-75527e693f32 |archive-date=March 8, 2014 |access-date=November 15, 2013 |publisher=Canada.com}}</ref> The firm announced in 2012 it would buy Morningstar Food for US$1.45&nbsp;billion.<ref>{{Cite web |last=Marotte |first=Bertrand |date=December 3, 2012 |title=Saputo buys U.S. dairy company Morningstar for $1.5-billion |url=https://www.theglobeandmail.com/globe-investor/saputo-buys-us-dairy-company-morningstar-for-15-billion/article5910616/ |access-date=November 15, 2013 |website=The Globe and Mail}}</ref> 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.{{citation needed|date=June 2017}} In January 2014 they announced that they would be purchasing the fluid milk business of Scotsburn Co-operative Services Limited of [[Nova Scotia]] for $61&nbsp;million.<ref>{{Cite news |date=January 17, 2014 |title=Scotsburn sells off its fluid milk business to Saputo |publisher=CBC News |url=http://www.cbc.ca/news/canada/nova-scotia/scotsburn-sells-off-its-fluid-milk-business-to-saputo-1.2500880 |access-date=February 28, 2014}}</ref> 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.<ref>{{Cite web |date=February 12, 2014 |title=Saputo Announces Takeover Offer for Warrnambool Has Closed |url=http://www.saputo.com/uploadedFiles/Saputo/investors-and-medias/press-releases/2014/2014-02-12_TSX_closing_ANG_FINAL.pdf |access-date=January 28, 2015 |publisher=saputo.com}}</ref>Iit acquired all the remaining shares in March 2017.<ref>{{Cite web |last=Marshall |first=Andrew |date=February 22, 2017 |title=Saputo completes WCB takeover |url=http://adf.farmonline.com.au/news/magazine/industry-news/general/saputo-completes-wcb-takeover/2754752.aspx |access-date=August 5, 2017 |website=farmonline.com.au}}</ref>
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&nbsp;million.<ref>{{Cite news |date=December 18, 2000 |title=Saputo Inc. spends $407&nbsp;million for Dairyworld Foods |publisher=CBC News |url=https://www.cbc.ca/news/business/saputo-inc-spends-407-million-for-dairyworld-foods-1.253378 |access-date=March 10, 2011 |archive-date=November 8, 2012 |archive-url=https://web.archive.org/web/20121108230222/http://www.cbc.ca/news/business/story/2000/12/18/saputo001218.html |url-status=live }}</ref> 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.{{citation needed|date=June 2017}}
In 2003, the firm continued to acquire businesses in the US and expanded into Argentina with the acquisition of Molfino Hermanos S.A.<ref>{{Cite web |title=Saputo is Golden |url=https://www.dairyfoods.com/articles/83417-saputo-is-golden |access-date=December 2, 2021 |website=dairyfoods.com |language=en |archive-date=December 2, 2021 |archive-url=https://web.archive.org/web/20211202150833/https://www.dairyfoods.com/articles/83417-saputo-is-golden |url-status=live }}</ref> 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.<ref name="primary-history" /> In 2008, Saputo acquired [[Neilson Dairy]] from [[George Weston Limited]] for C$465&nbsp;million.<ref>{{Cite web |date=October 22, 2008 |title=Saputo acquires George Weston's Neilson dairy |url=http://www.canada.com/montrealgazette/news/business/story.html?id=d6799cff-a530-4748-a51a-75527e693f32 |url-status=dead |archive-url=https://web.archive.org/web/20140308000907/http://www.canada.com/montrealgazette/news/business/story.html?id=d6799cff-a530-4748-a51a-75527e693f32 |archive-date=March 8, 2014 |access-date=November 15, 2013 |publisher=Canada.com}}</ref> The firm announced in 2012 it would buy Morningstar Food for US$1.45&nbsp;billion.<ref>{{Cite web |last=Marotte |first=Bertrand |date=December 3, 2012 |title=Saputo buys U.S. dairy company Morningstar for $1.5-billion |url=https://www.theglobeandmail.com/globe-investor/saputo-buys-us-dairy-company-morningstar-for-15-billion/article5910616/ |access-date=November 15, 2013 |website=The Globe and Mail |archive-date=November 17, 2015 |archive-url=https://web.archive.org/web/20151117020944/http://www.theglobeandmail.com/globe-investor/saputo-buys-us-dairy-company-morningstar-for-15-billion/article5910616/ |url-status=live }}</ref> 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&nbsp;million.<ref>{{Cite news |date=January 17, 2014 |title=Scotsburn sells off its fluid milk business to Saputo |publisher=CBC News |url=http://www.cbc.ca/news/canada/nova-scotia/scotsburn-sells-off-its-fluid-milk-business-to-saputo-1.2500880 |access-date=February 28, 2014 |archive-date=March 5, 2014 |archive-url=https://web.archive.org/web/20140305074115/http://www.cbc.ca/news/canada/nova-scotia/scotsburn-sells-off-its-fluid-milk-business-to-saputo-1.2500880 |url-status=live }}</ref> 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.<ref>{{Cite web |date=February 12, 2014 |title=Saputo Announces Takeover Offer for Warrnambool Has Closed |url=http://www.saputo.com/uploadedFiles/Saputo/investors-and-medias/press-releases/2014/2014-02-12_TSX_closing_ANG_FINAL.pdf |access-date=January 28, 2015 |publisher=saputo.com |archive-date=February 25, 2015 |archive-url=https://web.archive.org/web/20150225031223/http://www.saputo.com/uploadedFiles/Saputo/investors-and-medias/press-releases/2014/2014-02-12_TSX_closing_ANG_FINAL.pdf |url-status=live }}</ref> It acquired all the remaining shares in March 2017.<ref>{{Cite web |last=Marshall |first=Andrew |date=February 22, 2017 |title=Saputo completes WCB takeover |url=http://adf.farmonline.com.au/news/magazine/industry-news/general/saputo-completes-wcb-takeover/2754752.aspx |access-date=August 5, 2017 |website=farmonline.com.au |archive-date=August 5, 2017 |archive-url=https://web.archive.org/web/20170805190816/http://adf.farmonline.com.au/news/magazine/industry-news/general/saputo-completes-wcb-takeover/2754752.aspx |url-status=live }}</ref>

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On February 3, 2015, [[Canada Bread]] Company Limited completed a C$120&nbsp;million acquisition of [[Vachon Bakery|Saputo Bakery]], a division of Saputo Inc.<ref name="FNL">{{Cite web |title=Mexico's Grupo Bimbo acquires Saputo Bakery |url=http://latino.foxnews.com/latino/news/2015/02/03/mexico-grupo-bimbo-acquires-saputo-bakery/ |url-status=dead |archive-url=https://web.archive.org/web/20150205075031/http://latino.foxnews.com/latino/news/2015/02/03/mexico-grupo-bimbo-acquires-saputo-bakery/ |archive-date=February 5, 2015 |access-date=February 4, 2015 |website=Fox News Latino}}</ref> Canada Bread Company Limited is a subsidiary of Mexico's [[Grupo Bimbo]].<ref name=FNL/>

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In September 2017, Saputo announced the complete acquisition of the Extended Shelf-Life Dairy Product Activities of Southeast Milk, Inc. in the United States.<ref>{{Cite news |date=September 29, 2017 |title=Saputo Completes the Acquisition of the Extended Shelf-Life Dairy Product Activities of Southeast Milk, Inc. in the United States |work=wallstreet-online.de |url=https://www.wallstreet-online.de/nachricht/9938082-saputo-completes-the-acquisition-of-the-extended-shelf-life-dairy-product-activities-of-southeast-milk-inc-the-united-states |access-date=October 12, 2017 |archive-date=October 12, 2017 |archive-url=https://web.archive.org/web/20171012095425/https://www.wallstreet-online.de/nachricht/9938082-saputo-completes-the-acquisition-of-the-extended-shelf-life-dairy-product-activities-of-southeast-milk-inc-the-united-states |url-status=live }}</ref> In November 2017, According to the reports, Saputo acquired Betin Inc. a Belmont specialty cheese maker with a facility that employs 319 workers.<ref>{{Cite web |title=Saputo buys another Wisconsin cheese manufacturer |url=https://www.bizjournals.com/milwaukee/news/2017/11/06/saputo-buys-another-wisconsin-cheese-manufacturer.html |access-date=November 20, 2017 |website=The Business Journals |archive-date=January 23, 2021 |archive-url=https://web.archive.org/web/20210123023300/https://www.bizjournals.com/milwaukee/news/2017/11/06/saputo-buys-another-wisconsin-cheese-manufacturer.html |url-status=live }}</ref>


⚫
On February 22, 2019, it was announced that Saputo would be buying British dairy company, [[Dairy Crest]].<ref>{{Cite news |date=February 22, 2019 |title=Cathedral City firm to be bought for £975m |work=BBC News |url=https://www.bbc.co.uk/news/business-47329330 |access-date=February 22, 2019 |archive-date=February 22, 2019 |archive-url=https://web.archive.org/web/20190222101934/https://www.bbc.co.uk/news/business-47329330 |url-status=live }}</ref> The company was valued at C$1.7&nbsp;billion (£975&nbsp;million).<ref>{{Cite news |last=Onita |first=Laura |date=February 22, 2019 |title=Dairy Crest deal set to net boss Mark Allen £4.8&nbsp;million |language=en |work=Evening Standard |url=https://www.standard.co.uk/business/dairy-crest-deal-set-to-net-boss-mark-allen-48-million-a4073956.html |access-date=February 22, 2019 |archive-date=February 23, 2019 |archive-url=https://web.archive.org/web/20190223022103/https://www.standard.co.uk/business/dairy-crest-deal-set-to-net-boss-mark-allen-48-million-a4073956.html |url-status=live }}</ref><ref>{{Cite web |date=April 15, 2019 |title=Canadian dairy giant Saputo enters U.K. market with $1.7B deal for Dairy Crest |url=https://www.thestar.com/business/2019/04/15/saputo-enters-uk-dairy-market-by-closing-17-billion-deal-for-dairy-crest.html |work=Toronto Star |access-date=July 6, 2019 |archive-date=July 6, 2019 |archive-url=https://web.archive.org/web/20190706031404/https://www.thestar.com/business/2019/04/15/saputo-enters-uk-dairy-market-by-closing-17-billion-deal-for-dairy-crest.html |url-status=live }}</ref> The transaction was completed on April 15, 2019.<ref>{{Cite web |date=April 18, 2019 |title=Saputo completes acquisition of Dairy Crest |url=https://www.foodmanufacture.co.uk/Article/2019/04/18/Dairy-processor-completes-Dairy-Crest-purchase |access-date=April 19, 2019 |publisher=Food Manufacture |archive-date=October 20, 2020 |archive-url=https://web.archive.org/web/20201020094331/https://www.foodmanufacture.co.uk/Article/2019/04/18/Dairy-processor-completes-Dairy-Crest-purchase |url-status=live }}</ref>
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On February 3, 2015, Canada Bread Company Limited completed a C$120&nbsp;million acquisition of Saputo Bakery, a division of Saputo Inc.<ref name="FNL">{{Cite web |title=Mexico's Grupo Bimbo acquires Saputo Bakery |url=http://latino.foxnews.com/latino/news/2015/02/03/mexico-grupo-bimbo-acquires-saputo-bakery/ |url-status=dead |archive-url=https://web.archive.org/web/20150205075031/http://latino.foxnews.com/latino/news/2015/02/03/mexico-grupo-bimbo-acquires-saputo-bakery/ |archive-date=February 5, 2015 |access-date=February 4, 2015 |website=Fox News Latino}}</ref> Canada Bread Company Limited is a subsidiary of Mexico's [[Grupo Bimbo]].<ref name=FNL/>


==Defamation lawsuits==
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In September 2017, Saputo announced complete acquisition of the Extended Shelf-Life Dairy Product Activities of Southeast Milk, Inc. in the United States.<ref>{{Cite news |date=September 29, 2017 |title=Saputo Completes the Acquisition of the Extended Shelf-Life Dairy Product Activities of Southeast Milk, Inc. in the United States |work=wallstreet-online.de |url=https://www.wallstreet-online.de/nachricht/9938082-saputo-completes-the-acquisition-of-the-extended-shelf-life-dairy-product-activities-of-southeast-milk-inc-the-united-states |access-date=October 12, 2017}}</ref> In November 2017, According to the reports, Saputo acquired Betin Inc. a Belmont specialty cheese maker with a facility that employs 319 workers.<ref>{{Cite web |title=Saputo buys another Wisconsin cheese manufacturer |url=https://www.bizjournals.com/milwaukee/news/2017/11/06/saputo-buys-another-wisconsin-cheese-manufacturer.html |access-date=November 20, 2017 |website=The Business Journals}}</ref>


In March 2008, Saputo Inc. launched three defamation lawsuits against the owners of three Canadian newspapers over stories that were published in December 2007 alluding to Lino Saputo being linked to [[organized crime]]. Saputo sued CTVGlobemedia, the publisher of the Globe and Mail, Quebecor Inc., which owns the Sun Media Group of Papers, and Gesca Ltd, the owner of Montreal's La Presse newspaper. Company CEO Lino Saputo Jr. claimed the articles contained false allegations against Lino Saputo and Saputo Inc. An Italian weekly magazine, L'Espresso, was also being sued for articles that ran in November of the same year.<ref>{{cite web|url=https://www.cbc.ca/news/business/saputo-sues-3-canadian-newspapers-for-defamation-1.747065|title=Saputo sues 3 Canadian newspapers for defamation|publisher=cbc.ca|date= March 8, 2008|access-date=April 17, 2023}}</ref> Links between Lino Saputo and American mobster [[Joe Bonanno]] have been evidenced between 1964 and 1979.<ref>{{cite web|url=https://www.nytimes.com/1979/12/05/archives/cheese-company-studied-for-organized-crime-tie-letter-to-joseph.html|title=Cheese Company Studied For Organized Crime Tie|work=[[The New York Times]]|date=December 5, 1979|access-date=October 6, 2023|archive-date=January 18, 2020|archive-url=https://web.archive.org/web/20200118103529/https://www.nytimes.com/1979/12/05/archives/cheese-company-studied-for-organized-crime-tie-letter-to-joseph.html|url-status=live}}</ref><ref>{{cite web|url=https://www.cbc.ca/news/canada/montreal/quebec-dairy-mogul-lino-saputo-had-secret-past-dealings-with-u-s-mobster-joe-bonanno-then-lied-about-it-1.5428629#:~:text=In%20Lino%20Saputo's%20memoir%2C%20the,Bonanno%2C%20a%20powerful%20Mafia%20godfather.|title=Quebec dairy mogul Lino Saputo had secret past dealings with U.S. mobster Joe Bonanno, then lied about it|publisher=cbc.ca|date=January 16, 2020|access-date=October 6, 2023|archive-date=January 3, 2023|archive-url=https://web.archive.org/web/20230103002606/https://www.cbc.ca/news/canada/montreal/quebec-dairy-mogul-lino-saputo-had-secret-past-dealings-with-u-s-mobster-joe-bonanno-then-lied-about-it-1.5428629#:~:text=In%20Lino%20Saputo's%20memoir%2C%20the,Bonanno%2C%20a%20powerful%20Mafia%20godfather.|url-status=live}}</ref>
⚫
On February 22, 2019, it was announced that Saputo would be buying British dairy company, [[Dairy Crest]].<ref>{{Cite news |date=February 22, 2019 |title=Cathedral City firm to be bought for £975m |work=BBC News |url=https://www.bbc.co.uk/news/business-47329330 |access-date=February 22, 2019}}</ref> The company was valued at C$1.7&nbsp;billion (£975&nbsp;million).<ref>{{Cite news |last=Onita |first=Laura |date=February 22, 2019 |title=Dairy Crest deal set to net boss Mark Allen £4.8&nbsp;million |language=en |work=Evening Standard |url=https://www.standard.co.uk/business/dairy-crest-deal-set-to-net-boss-mark-allen-48-million-a4073956.html |access-date=February 22, 2019}}</ref><ref>{{Cite web |date=April 15, 2019 |title=Canadian dairy giant Saputo enters U.K. market with $1.7B deal for Dairy Crest |url=https://www.thestar.com/business/2019/04/15/saputo-enters-uk-dairy-market-by-closing-17-billion-deal-for-dairy-crest.html |work=Toronto Star}}</ref> The transaction was completed on April 15, 2019.<ref>{{Cite web |date=April 18, 2019 |title=Saputo completes acquisition of Dairy Crest |url=https://www.foodmanufacture.co.uk/Article/2019/04/18/Dairy-processor-completes-Dairy-Crest-purchase |access-date=April 19, 2019 |publisher=Food Manufacture}}</ref>


== Main shareholders ==
== Main shareholders ==


At February 10, 2022<ref>{{Cite web |title=SAPUTO INC. : Shareholders Board Members Managers and Company Profile {{!}} CA8029121057 {{!}} MarketScreener |url=https://www.marketscreener.com/quote/stock/SAPUTO-INC-1411574/company/ |access-date=February 23, 2022 |website=www.marketscreener.com |language=en}}</ref>
At February 10, 2022<ref>{{Cite web |title=SAPUTO INC. : Shareholders Board Members Managers and Company Profile {{!}} CA8029121057 {{!}} MarketScreener |url=https://www.marketscreener.com/quote/stock/SAPUTO-INC-1411574/company/ |access-date=February 23, 2022 |website=www.marketscreener.com |language=en |archive-date=February 23, 2022 |archive-url=https://web.archive.org/web/20220223210952/https://www.marketscreener.com/quote/stock/SAPUTO-INC-1411574/company/ |url-status=live }}</ref>
{| class="wikitable"
{| class="wikitable"
|Jolina Capital
|Jolina Capital
Line 95: Line 102:
== Statistics ==
== Statistics ==


* Revenues: 14,3 billion CAD as at March 31, 2021<ref name=":3">{{Cite web |title=Corporate Information {{!}} Investors {{!}} Saputo |url=https://www.saputo.com/en/investors/investor-toolkit/corporate-snapshot |access-date=February 23, 2022 |website=www.saputo.com{{!}}saputo.com |language=en}}</ref>
* Revenues: 14,3 billion CAD as at March 31, 2021<ref name=":3">{{Cite web |title=Corporate Information {{!}} Investors {{!}} Saputo |url=https://www.saputo.com/en/investors/investor-toolkit/corporate-snapshot |access-date=February 23, 2022 |website=www.saputo.com{{!}}saputo.com |language=en |archive-date=February 23, 2022 |archive-url=https://web.archive.org/web/20220223210954/https://www.saputo.com/en/investors/investor-toolkit/corporate-snapshot |url-status=live }}</ref>
* Employees: Approximately 18 000 as at February 10, 2022<ref name=":3" />
* Employees: Approximately 18 000 as at February 10, 2022<ref name=":3" />
* Facilities: 67 (18 in Canada, 29 in USA, 13 international and 7 in Europe as at March 31, 2021<ref name=":3" />
* Facilities: 67 (18 in Canada, 29 in the US, 13 international and 7 in Europe as at March 31, 2021<ref name=":3" />


== Brands ==
== Brands ==


Brands by Saputo include: Saputo, Alexis de Portneuf,<ref>{{Cite web |date=March 16, 2017 |title=Alexis de Portneuf (Saputo) |url=http://cheese-fromage.agr.gc.ca/cr-rf_eng.cfm?companylist=1920 |access-date=August 5, 2017 |website=Canadian Dairy Information Centre}}</ref> Armstrong,<ref>{{Cite web |title=Armstrong Pizza Mozzarella Cheese made by Saputo |url=http://thefoodwiki.org/product/armstrong-pizza-mozzarella-cheese-made-by-saputo/16164/ |access-date=August 5, 2017 |website=The Food Wiki}}</ref> Cathedral City,<ref name=":2">{{Cite news |date=February 22, 2019 |title=Cathedral City maker Dairy Crest to be bought by Saputo |language=en-GB |work=BBC News |url=https://www.bbc.com/news/business-47329330 |access-date=November 26, 2021}}</ref> [[Cheer cheese|Cheer]],<ref name=":0">{{Cite web |last=Neales |first=Sue |date=June 10, 2016 |title=Warrnambool owner Saputo flags fresh dairy pain |url=http://www.theaustralian.com.au/business/warrnambool-owner-saputo-flags-fresh-dairy-pain/news-story/1b51cc30ea27bb650542eafd82ba91e5 |access-date=August 5, 2017 |website=[[The Australian]]}}</ref> Clover,<ref>{{Cite web |title=Saputo completes acquisition of Dairy Crest |url=https://www.foodmanufacture.co.uk/Article/2019/04/18/Dairy-processor-completes-Dairy-Crest-purchase |access-date=November 26, 2021 |website=foodmanufacture.co.uk |language=en-GB}}</ref> Cracker Barrel<ref>{{Cite web |date=January 31, 2017 |title=Saputo poised to take total control of Warrnambool Cheese & Butter |url=http://www.theaustralian.com.au/business/mergers-acquisitions/saputo-poised-to-take-total-control-of-warrnambool-cheese-butter/news-story/454f04d4266ced3b950a681c76c8006c |access-date=August 5, 2017 |website=[[The Australian]]}}</ref> (trademark used under licence), Dairyland,<ref>{{Cite web |date=October 22, 2005 |title=HEALTH HAZARD ALERT - DAIRYLAND brand 1% chocolate milk may contain a chemical sanitizer |url=https://www.canada.ca/en/news/archive/2005/10/health-hazard-alert-dairyland-brand-1-chocolate-milk-may-contain-chemical-sanitizer.html?=undefined&wbdisable=true#wb-cont |access-date=August 5, 2017 |website=canada.ca}}</ref> DairyStar,<ref>{{Cite web |date=August 2, 2017 |title=UPC 040900281888 DairyStar Saputo |url=https://www.buycott.com/upc/040900281888/dairystar-saputo |access-date=August 5, 2017 |website=[[Buycott.com]]}}</ref> Devondale,<ref>{{Cite web |date=October 27, 2017 |title=Saputo reaches deal to acquire Australian dairy firm for $1.29&nbsp;billion - BNN Bloomberg |url=https://www.bnnbloomberg.ca/saputo-reaches-deal-to-acquire-australian-dairy-firm-for-1-29-billion-1.897736 |access-date=November 26, 2021 |website=BNN}}</ref> Friendship Dairies,<ref>{{Cite web |last=Briodagh |first=Kenneth |date=August 14, 2013 |title=Inside Friendship Dairies’ Social Media Startup Strategy |url=http://www.eventmarketer.com/article/diary-first-timer/ |access-date=August 5, 2017 |website=eventmarketer.com}}</ref> Frigo, Frigo Cheese Heads,<ref>{{Cite web |year=2015 |title=Frigo Cheese Heads Now Available in Bold New Flavors |url=http://www.wmmb.com/cheese-companies/whatsnew/2015/01/15/frigo-cheese-heads-now-available-in-bold-new-flavors |url-status=dead |archive-url=https://web.archive.org/web/20170805181305/http://www.wmmb.com/cheese-companies/whatsnew/2015/01/15/frigo-cheese-heads-now-available-in-bold-new-flavors |archive-date=August 5, 2017 |access-date=August 5, 2017 |website=Wisconsin Milk Marketing Board}}</ref>Frylight,<ref name=":2" /> Joyya<ref>{{Cite web |date=November 9, 2018 |title=Saputo launches ultra-filtered milk brand Joyya in Canada |url=https://www.foodbev.com/news/saputo-launches-ultra-filtered-milk-brand-joyya-in-canada/ |access-date=November 26, 2021 |website=FoodBev Media |language=en-GB}}</ref> La Paulina,<ref name=":1">{{Cite web |date=October 2, 2003 |title=Saputo to buy Argentine dairy processor |url=https://www.theglobeandmail.com/report-on-business/saputo-to-buy-argentine-dairy-processor/article1167082/ |access-date=August 5, 2017 |website=[[The Globe and Mail]]}}</ref> Milk2Go,<ref>{{Cite web |last=Astley |first=Mark |date=October 4, 2013 |title=Saputo enters sports recovery arena with high-protein Milk2Go extension |url=http://www.dairyreporter.com/Manufacturers/Saputo-enters-sports-recovery-arena-with-high-protein-Milk2Go-extension |url-status=dead |archive-url=https://web.archive.org/web/20170412014333/http://www.dairyreporter.com/Manufacturers/Saputo-enters-sports-recovery-arena-with-high-protein-Milk2Go-extension |archive-date=April 12, 2017 |access-date=August 5, 2017 |website=dairyreporter.com}}</ref> Montchevre,<ref>{{Cite web |title=Saputo completes acquisition of Montchevre Goat Cheese |url=https://www.dairyreporter.com/Article/2017/12/13/Saputo-completes-acquisition-of-Montchevre-Goat-Cheese |access-date=November 26, 2021 |website=dairyreporter.com |language=en-GB}}</ref> Murray Goulburn Ingredients,<ref>{{Cite web |title=Saputo acquires activities of Murray Goulburn in Australia |url=https://www.foodprocessing-technology.com/news/saputo-acquires-activities-murray-goulburn-australia/ |access-date=November 26, 2021 |website=foodprocessing-technology.com}}</ref> Neilson,<ref>{{Cite web |date=June 4, 2016 |title=Neilson chocolate milk recalled due to listeria concerns |url=http://www.cbc.ca/news/canada/montreal/saputo-neilson-chocolate-milk-recall-1.3616452 |access-date=August 5, 2017 |publisher=[[CBC News]]}}</ref> Nutrilait,<ref>{{Cite web |date=July 24, 2015 |title=Saputo repositions Nutrilait milk brand for a messy life |url=http://marketingmag.ca/brands/saputo-repositions-nutrilait-milk-brand-for-a-messy-life-152821/ |access-date=August 5, 2017 |website=[[Marketing (magazine)|Marketing]]}}</ref> Salemville,<ref>{{Cite web |last=Shepel |first=Jan |title=Salemville Cheese Co-op creates market for Amish farmers’ milk |url=https://www.wisfarmer.com/story/news/2019/01/09/new-cheese-plant-positions-co-op-growth-and-success-amish/2515832002/ |access-date=November 26, 2021 |website=Wisconsin State Farmer |language=en-US}}</ref> Scotsburn (trademark used under license<ref>{{Cite web |last=Shannon |first=Chris |date=March 23, 2016 |title=Workers 'in shock' over Sydney dairy closure |url=http://www.capebretonpost.com/news/local/2016/3/23/workers-in-shock-over-sydney-dairy-clo-4475613.html |url-status=dead |archive-url=https://web.archive.org/web/20170805185042/https://www.capebretonpost.com/news/local/2016/3/23/workers-in-shock-over-sydney-dairy-clo-4475613.html |archive-date=August 5, 2017 |access-date=August 31, 2019 |website=[[Cape Breton Post]]}}</ref>), Sheese,<ref>{{Cite web |title=Saputo beefs up non-dairy cheese and value-added ingredients with 2 acquisitions {{!}} Globalnews.ca |url=https://globalnews.ca/news/7890764/saputo-non-dairy-expansion/ |access-date=November 26, 2021 |website=Global News |language=en-US}}</ref> South Cape,<ref>{{Cite web |date=October 28, 2019 |title=Saputo Completes the Acquisition of the Specialty Cheese Business of Lion Dairy & Drinks Pty Ltd in Australia |url=https://www.globenewswire.com/news-release/2019/10/28/1935969/0/en/Saputo-Completes-the-Acquisition-of-the-Specialty-Cheese-Business-of-Lion-Dairy-Drinks-Pty-Ltd-in-Australia.html |access-date=November 26, 2021 |website=GlobeNewswire News Room |language=en}}</ref> Stella,<ref>{{Cite web |date=May 10, 2016 |title=Saputo launches fresh mozzarella products under Stella brand |url=http://www.foodbev.com/news/saputo-launches-fresh-mozzarella-products-under-stella-brand/ |access-date=August 5, 2017 |website=FoodBed Media}}</ref> Sungold,<ref name=":0" /> Tasmanian Heritage, Treasure Cave,<ref>{{Cite web |date=March 9, 2017 |title=Saputo, Chunk Feta Cheese - Treasure Cave |url=https://world.openfoodfacts.org/product/0070157873406/saputo-chunk-feta-cheese-treasure-cave |access-date=August 5, 2017 |website=[[Open Food Facts]]}}</ref> Woolwich Dairy<ref>{{Cite web |date=October 6, 2015 |title=Saputo buys goat cheesemaker Woolwich Dairy |url=https://www.agcanada.com/daily/saputo-buys-goat-cheesemaker-woolwich-dairy |access-date=August 5, 2017 |website=AGCanada.com}}</ref><ref name="primary-investor-snapshot">{{Cite web |title=2020 Annual Report |url=https://www.saputo.com/en/investors/shareholder-reports/2020 |access-date=February 2, 2021 |publisher=Saputo Inc.}}</ref> and Yorkshire Wensleydale<ref>{{Cite web |title=Saputo to acquire UK's cheese maker Wensleydale Dairy Products |url=https://www.foodprocessing-technology.com/news/saputo-wensleydale-dairy/ |access-date=November 26, 2021 |website=foodprocessing-technology.com}}</ref>
Brands by Saputo include: Saputo, Alexis de Portneuf,<ref>{{Cite web |date=March 16, 2017 |title=Alexis de Portneuf (Saputo) |url=http://cheese-fromage.agr.gc.ca/cr-rf_eng.cfm?companylist=1920 |access-date=August 5, 2017 |website=Canadian Dairy Information Centre |archive-date=August 5, 2017 |archive-url=https://web.archive.org/web/20170805182107/http://cheese-fromage.agr.gc.ca/cr-rf_eng.cfm?companylist=1920 |url-status=live }}</ref> Armstrong,<ref>{{Cite web |title=Armstrong Pizza Mozzarella Cheese made by Saputo |url=http://thefoodwiki.org/product/armstrong-pizza-mozzarella-cheese-made-by-saputo/16164/ |access-date=August 5, 2017 |website=The Food Wiki |archive-date=August 5, 2017 |archive-url=https://web.archive.org/web/20170805184552/http://thefoodwiki.org/product/armstrong-pizza-mozzarella-cheese-made-by-saputo/16164/ |url-status=live }}</ref> Cathedral City,<ref name=":2">{{Cite news |date=February 22, 2019 |title=Cathedral City maker Dairy Crest to be bought by Saputo |language=en-GB |work=BBC News |url=https://www.bbc.com/news/business-47329330 |access-date=November 26, 2021 |archive-date=November 26, 2021 |archive-url=https://web.archive.org/web/20211126201549/https://www.bbc.com/news/business-47329330 |url-status=live }}</ref> [[Cheer cheese|Cheer]],<ref name=":0">{{Cite web |last=Neales |first=Sue |date=June 10, 2016 |title=Warrnambool owner Saputo flags fresh dairy pain |url=http://www.theaustralian.com.au/business/warrnambool-owner-saputo-flags-fresh-dairy-pain/news-story/1b51cc30ea27bb650542eafd82ba91e5 |access-date=August 5, 2017 |website=[[The Australian]]}}</ref> Clover,<ref>{{Cite web |title=Saputo completes acquisition of Dairy Crest |url=https://www.foodmanufacture.co.uk/Article/2019/04/18/Dairy-processor-completes-Dairy-Crest-purchase |access-date=November 26, 2021 |website=foodmanufacture.co.uk |date=April 18, 2019 |language=en-GB |archive-date=December 6, 2021 |archive-url=https://web.archive.org/web/20211206063445/https://www.foodmanufacture.co.uk/Article/2019/04/18/Dairy-processor-completes-Dairy-Crest-purchase |url-status=live }}</ref> Cracker Barrel<ref>{{Cite web |date=January 31, 2017 |title=Saputo poised to take total control of Warrnambool Cheese & Butter |url=http://www.theaustralian.com.au/business/mergers-acquisitions/saputo-poised-to-take-total-control-of-warrnambool-cheese-butter/news-story/454f04d4266ced3b950a681c76c8006c |access-date=August 5, 2017 |website=[[The Australian]]}}</ref> (trademark used under licence), Dairyland,<ref>{{Cite web |date=October 22, 2005 |title=HEALTH HAZARD ALERT - DAIRYLAND brand 1% chocolate milk may contain a chemical sanitizer |url=https://www.canada.ca/en/news/archive/2005/10/health-hazard-alert-dairyland-brand-1-chocolate-milk-may-contain-chemical-sanitizer.html?=undefined&wbdisable=true#wb-cont |access-date=August 5, 2017 |website=canada.ca |archive-date=August 5, 2017 |archive-url=https://web.archive.org/web/20170805220621/https://www.canada.ca/en/news/archive/2005/10/health-hazard-alert-dairyland-brand-1-chocolate-milk-may-contain-chemical-sanitizer.html?=undefined&wbdisable=true#wb-cont |url-status=live }}</ref> DairyStar,<ref>{{Cite web |date=August 2, 2017 |title=UPC 040900281888 DairyStar Saputo |url=https://www.buycott.com/upc/040900281888/dairystar-saputo |access-date=August 5, 2017 |website=[[Buycott.com]] |archive-date=August 5, 2017 |archive-url=https://web.archive.org/web/20170805180947/https://www.buycott.com/upc/040900281888/dairystar-saputo |url-status=live }}</ref> Devondale,<ref>{{Cite web |date=October 27, 2017 |title=Saputo reaches deal to acquire Australian dairy firm for $1.29&nbsp;billion - BNN Bloomberg |url=https://www.bnnbloomberg.ca/saputo-reaches-deal-to-acquire-australian-dairy-firm-for-1-29-billion-1.897736 |access-date=November 26, 2021 |website=BNN |archive-date=November 26, 2021 |archive-url=https://web.archive.org/web/20211126200048/https://www.bnnbloomberg.ca/saputo-reaches-deal-to-acquire-australian-dairy-firm-for-1-29-billion-1.897736 |url-status=live }}</ref> Friendship Dairies,<ref>{{Cite web |last=Briodagh |first=Kenneth |date=August 14, 2013 |title=Inside Friendship Dairies' Social Media Startup Strategy |url=http://www.eventmarketer.com/article/diary-first-timer/ |access-date=August 5, 2017 |website=eventmarketer.com |archive-date=August 5, 2017 |archive-url=https://web.archive.org/web/20170805185145/http://www.eventmarketer.com/article/diary-first-timer/ |url-status=live }}</ref> Frigo, Frigo Cheese Heads,<ref>{{Cite web |year=2015 |title=Frigo Cheese Heads Now Available in Bold New Flavors |url=http://www.wmmb.com/cheese-companies/whatsnew/2015/01/15/frigo-cheese-heads-now-available-in-bold-new-flavors |url-status=dead |archive-url=https://web.archive.org/web/20170805181305/http://www.wmmb.com/cheese-companies/whatsnew/2015/01/15/frigo-cheese-heads-now-available-in-bold-new-flavors |archive-date=August 5, 2017 |access-date=August 5, 2017 |website=Wisconsin Milk Marketing Board}}</ref> Frylight,<ref name=":2" /> Joyya<ref>{{Cite web |date=November 9, 2018 |title=Saputo launches ultra-filtered milk brand Joyya in Canada |url=https://www.foodbev.com/news/saputo-launches-ultra-filtered-milk-brand-joyya-in-canada/ |access-date=November 26, 2021 |website=FoodBev Media |language=en-GB |archive-date=December 17, 2022 |archive-url=https://web.archive.org/web/20221217101458/https://www.foodbev.com/news/saputo-launches-ultra-filtered-milk-brand-joyya-in-canada/ |url-status=live }}</ref> La Paulina,<ref name=":1">{{Cite web |date=October 2, 2003 |title=Saputo to buy Argentine dairy processor |url=https://www.theglobeandmail.com/report-on-business/saputo-to-buy-argentine-dairy-processor/article1167082/ |access-date=August 5, 2017 |website=[[The Globe and Mail]] |archive-date=January 26, 2021 |archive-url=https://web.archive.org/web/20210126093841/https://www.theglobeandmail.com/report-on-business/saputo-to-buy-argentine-dairy-processor/article1167082/ |url-status=live }}</ref> Milk2Go,<ref>{{Cite web |last=Astley |first=Mark |date=October 4, 2013 |title=Saputo enters sports recovery arena with high-protein Milk2Go extension |url=http://www.dairyreporter.com/Manufacturers/Saputo-enters-sports-recovery-arena-with-high-protein-Milk2Go-extension |url-status=dead |archive-url=https://web.archive.org/web/20170412014333/http://www.dairyreporter.com/Manufacturers/Saputo-enters-sports-recovery-arena-with-high-protein-Milk2Go-extension |archive-date=April 12, 2017 |access-date=August 5, 2017 |website=dairyreporter.com}}</ref> Montchevre,<ref>{{Cite web |title=Saputo completes acquisition of Montchevre Goat Cheese |url=https://www.dairyreporter.com/Article/2017/12/13/Saputo-completes-acquisition-of-Montchevre-Goat-Cheese |access-date=November 26, 2021 |website=dairyreporter.com |date=December 13, 2017 |language=en-GB}}</ref> Murray Goulburn Ingredients,<ref>{{Cite web |title=Saputo acquires activities of Murray Goulburn in Australia |url=https://www.foodprocessing-technology.com/news/saputo-acquires-activities-murray-goulburn-australia/ |access-date=November 26, 2021 |website=foodprocessing-technology.com |archive-date=November 26, 2021 |archive-url=https://web.archive.org/web/20211126200051/https://www.foodprocessing-technology.com/news/saputo-acquires-activities-murray-goulburn-australia/ |url-status=live }}</ref> Neilson,<ref>{{Cite web |date=June 4, 2016 |title=Neilson chocolate milk recalled due to listeria concerns |url=http://www.cbc.ca/news/canada/montreal/saputo-neilson-chocolate-milk-recall-1.3616452 |access-date=August 5, 2017 |publisher=[[CBC News]] |archive-date=June 19, 2017 |archive-url=https://web.archive.org/web/20170619164312/http://www.cbc.ca/news/canada/montreal/saputo-neilson-chocolate-milk-recall-1.3616452 |url-status=live }}</ref> Nutrilait,<ref>{{Cite web |date=July 24, 2015 |title=Saputo repositions Nutrilait milk brand for a messy life |url=http://marketingmag.ca/brands/saputo-repositions-nutrilait-milk-brand-for-a-messy-life-152821/ |access-date=August 5, 2017 |website=[[Marketing (magazine)|Marketing]] |archive-date=June 24, 2017 |archive-url=https://web.archive.org/web/20170624085440/http://marketingmag.ca/brands/saputo-repositions-nutrilait-milk-brand-for-a-messy-life-152821/ |url-status=live }}</ref> Salemville,<ref>{{Cite web |last=Shepel |first=Jan |title=Salemville Cheese Co-op creates market for Amish farmers' milk |url=https://www.wisfarmer.com/story/news/2019/01/09/new-cheese-plant-positions-co-op-growth-and-success-amish/2515832002/ |access-date=November 26, 2021 |website=Wisconsin State Farmer |language=en-US |archive-date=November 26, 2021 |archive-url=https://web.archive.org/web/20211126200048/https://www.wisfarmer.com/story/news/2019/01/09/new-cheese-plant-positions-co-op-growth-and-success-amish/2515832002/ |url-status=live }}</ref> Scotsburn (trademark used under license<ref>{{Cite web |last=Shannon |first=Chris |date=March 23, 2016 |title=Workers 'in shock' over Sydney dairy closure |url=http://www.capebretonpost.com/news/local/2016/3/23/workers-in-shock-over-sydney-dairy-clo-4475613.html |url-status=dead |archive-url=https://web.archive.org/web/20170805185042/https://www.capebretonpost.com/news/local/2016/3/23/workers-in-shock-over-sydney-dairy-clo-4475613.html |archive-date=August 5, 2017 |access-date=August 31, 2019 |website=[[Cape Breton Post]]}}</ref>), Sheese,<ref>{{Cite web |title=Saputo beefs up non-dairy cheese and value-added ingredients with 2 acquisitions {{!}} Globalnews.ca |url=https://globalnews.ca/news/7890764/saputo-non-dairy-expansion/ |access-date=November 26, 2021 |website=Global News |language=en-US |archive-date=November 26, 2021 |archive-url=https://web.archive.org/web/20211126200048/https://globalnews.ca/news/7890764/saputo-non-dairy-expansion/ |url-status=live }}</ref> South Cape,<ref>{{Cite press release |date=October 28, 2019 |title=Saputo Completes the Acquisition of the Specialty Cheese Business of Lion Dairy & Drinks Pty Ltd in Australia |url=https://www.globenewswire.com/news-release/2019/10/28/1935969/0/en/Saputo-Completes-the-Acquisition-of-the-Specialty-Cheese-Business-of-Lion-Dairy-Drinks-Pty-Ltd-in-Australia.html |access-date=November 26, 2021 |website=GlobeNewswire News Room |language=en |archive-date=November 26, 2021 |archive-url=https://web.archive.org/web/20211126200047/https://www.globenewswire.com/news-release/2019/10/28/1935969/0/en/Saputo-Completes-the-Acquisition-of-the-Specialty-Cheese-Business-of-Lion-Dairy-Drinks-Pty-Ltd-in-Australia.html |url-status=live }}</ref> Stella,<ref>{{Cite web |date=May 10, 2016 |title=Saputo launches fresh mozzarella products under Stella brand |url=http://www.foodbev.com/news/saputo-launches-fresh-mozzarella-products-under-stella-brand/ |access-date=August 5, 2017 |website=FoodBed Media |archive-date=August 5, 2017 |archive-url=https://web.archive.org/web/20170805182727/http://www.foodbev.com/news/saputo-launches-fresh-mozzarella-products-under-stella-brand/ |url-status=live }}</ref> Sungold,<ref name=":0" /> [[Tasmanian Heritage]], Treasure Cave,<ref>{{Cite web |date=March 9, 2017 |title=Saputo, Chunk Feta Cheese - Treasure Cave |url=https://world.openfoodfacts.org/product/0070157873406/saputo-chunk-feta-cheese-treasure-cave |access-date=August 5, 2017 |website=[[Open Food Facts]]}}</ref> Woolwich Dairy<ref>{{Cite web |date=October 6, 2015 |title=Saputo buys goat cheesemaker Woolwich Dairy |url=https://www.agcanada.com/daily/saputo-buys-goat-cheesemaker-woolwich-dairy |access-date=August 5, 2017 |website=AGCanada.com |archive-date=August 5, 2017 |archive-url=https://web.archive.org/web/20170805181239/https://www.agcanada.com/daily/saputo-buys-goat-cheesemaker-woolwich-dairy |url-status=live }}</ref><ref name="primary-investor-snapshot">{{Cite web |title=2020 Annual Report |url=https://www.saputo.com/en/investors/shareholder-reports/2020 |access-date=February 2, 2021 |publisher=Saputo Inc. |archive-date=September 26, 2020 |archive-url=https://web.archive.org/web/20200926054501/http://saputo.com/en/investors/shareholder-reports/2020 |url-status=live }}</ref> and Yorkshire Wensleydale<ref>{{Cite web |title=Saputo to acquire UK's cheese maker Wensleydale Dairy Products |url=https://www.foodprocessing-technology.com/news/saputo-wensleydale-dairy/ |access-date=November 26, 2021 |website=foodprocessing-technology.com |archive-date=November 26, 2021 |archive-url=https://web.archive.org/web/20211126200049/https://www.foodprocessing-technology.com/news/saputo-wensleydale-dairy/ |url-status=live }}</ref>


== Divisions ==
== Divisions ==
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[[Category:Canadian brands]]
[[Category:Canadian brands]]
[[Category:Family-owned companies of Canada]]
[[Category:Family-owned companies of Canada]]
[[Category:Saputo family]]

Latest revision as of 23:54, 10 October 2024

Saputo Inc.
Company typePublic
TSX: SAP
IndustryFood - Major Diversified
FoundedSeptember 1954
FounderLino Saputo
Headquarters
Montreal, Quebec
,
Canada
Area served
Canada, United States, Argentina, Australia, United Kingdom
Key people
  • Lino Saputo (founder)
  • Lino A. Saputo (chair and CEO)
RevenueIncrease C$17.843 billion (FY2023)
Increase C$1.553 billion (FY2023)
Number of employees
19,200 (2023)
Websitesaputo.com

Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world.[1][2]

The company has expanded predominantly through mergers and acquisitions. Its products are sold in over 60 countries worldwide.[3] It operated in Wales and Germany from 2006 to 2013.[4] It used to own the Canadian rights to Hostess Brands products.[5]

History

[edit]
Saputo plant, Montreal

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.[6][7]

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.[6]

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.[8] 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.[citation needed]

In 2003, the firm continued to acquire businesses in the US and expanded into Argentina with the acquisition of Molfino Hermanos S.A.[9] 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.[6] In 2008, Saputo acquired Neilson Dairy from George Weston Limited for C$465 million.[10] The firm announced in 2012 it would buy Morningstar Food for US$1.45 billion.[11] 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.[12] 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.[13] It acquired all the remaining shares in March 2017.[14]

On February 3, 2015, Canada Bread Company Limited completed a C$120 million acquisition of Saputo Bakery, a division of Saputo Inc.[15] Canada Bread Company Limited is a subsidiary of Mexico's Grupo Bimbo.[15]

In September 2017, Saputo announced the complete acquisition of the Extended Shelf-Life Dairy Product Activities of Southeast Milk, Inc. in the United States.[16] In November 2017, According to the reports, Saputo acquired Betin Inc. a Belmont specialty cheese maker with a facility that employs 319 workers.[17]

On February 22, 2019, it was announced that Saputo would be buying British dairy company, Dairy Crest.[18] The company was valued at C$1.7 billion (£975 million).[19][20] The transaction was completed on April 15, 2019.[21]

Defamation lawsuits

[edit]

In March 2008, Saputo Inc. launched three defamation lawsuits against the owners of three Canadian newspapers over stories that were published in December 2007 alluding to Lino Saputo being linked to organized crime. Saputo sued CTVGlobemedia, the publisher of the Globe and Mail, Quebecor Inc., which owns the Sun Media Group of Papers, and Gesca Ltd, the owner of Montreal's La Presse newspaper. Company CEO Lino Saputo Jr. claimed the articles contained false allegations against Lino Saputo and Saputo Inc. An Italian weekly magazine, L'Espresso, was also being sued for articles that ran in November of the same year.[22] Links between Lino Saputo and American mobster Joe Bonanno have been evidenced between 1964 and 1979.[23][24]

Main shareholders

[edit]

At February 10, 2022[25]

Jolina Capital 131,049,476 31.6%
Placements Italcan 42,500,000 10.3%
Beutel, Goodman & Co 9,140,231 2.21%
The Caisse de dépôt et placement du Québec 6,869,531 1.66%
The Vanguard Group 6,720,710 1.62%
Leith Wheeler Investment Counsel Ltd. 4 399 631 1.06%
BMO Asset Management, Inc. 4,303,709 1.04%
BlackRock Fund Advisors 3,522,509 0.85%
RBC Global Asset Management, Inc. 3,194,478 0.77%
Mackenzie Financial Corp. 3,149,277 0.76%

Statistics

[edit]
  • Revenues: 14,3 billion CAD as at March 31, 2021[26]
  • Employees: Approximately 18 000 as at February 10, 2022[26]
  • Facilities: 67 (18 in Canada, 29 in the US, 13 international and 7 in Europe as at March 31, 2021[26]

Brands

[edit]

Brands by Saputo include: Saputo, Alexis de Portneuf,[27] Armstrong,[28] Cathedral City,[29] Cheer,[30] Clover,[31] Cracker Barrel[32] (trademark used under licence), Dairyland,[33] DairyStar,[34] Devondale,[35] Friendship Dairies,[36] Frigo, Frigo Cheese Heads,[37] Frylight,[29] Joyya[38] La Paulina,[39] Milk2Go,[40] Montchevre,[41] Murray Goulburn Ingredients,[42] Neilson,[43] Nutrilait,[44] Salemville,[45] Scotsburn (trademark used under license[46]), Sheese,[47] South Cape,[48] Stella,[49] Sungold,[30] Tasmanian Heritage, Treasure Cave,[50] Woolwich Dairy[51][52] and Yorkshire Wensleydale[53]

Divisions

[edit]
  • Dairy Division (Canada)
  • Dairy Division (USA)
  • Dairy Division (Argentina)
  • Dairy Division (Australia)
  • Dairy Division (UK)

See also

[edit]

References

[edit]
  1. ^ "Our Company". saputo.com. June 9, 2017. Archived from the original on June 6, 2017. Retrieved June 9, 2017.
  2. ^ "Top world dairy companies". dairyinfo.gc.ca. October 2, 2019. Archived from the original on April 20, 2021. Retrieved March 31, 2021.
  3. ^ "Shareholder Reports | Investors | Saputo". www.saputo.com|saputo.com. Archived from the original on November 26, 2021. Retrieved November 26, 2021.
  4. ^ "Saputo bailing out of European cheese market". February 25, 2013. Archived from the original on February 23, 2022. Retrieved February 23, 2022.
  5. ^ Popken, Ben (November 19, 2012). "Twinkie's last stand: It's up to a mediator". Lifeinc.today.com. Archived from the original on December 1, 2017. Retrieved November 15, 2013.
  6. ^ a b c "Saputo History | Saputo". saputo.com. Archived from the original on June 10, 2017. Retrieved June 9, 2017.
  7. ^ "Cercle des Grands entrepreneurs du Québec". cercledesgrandsentrepreneurs.com. Archived from the original on December 2, 2021. Retrieved December 2, 2021.
  8. ^ "Saputo Inc. spends $407 million for Dairyworld Foods". CBC News. December 18, 2000. Archived from the original on November 8, 2012. Retrieved March 10, 2011.
  9. ^ "Saputo is Golden". dairyfoods.com. Archived from the original on December 2, 2021. Retrieved December 2, 2021.
  10. ^ "Saputo acquires George Weston's Neilson dairy". Canada.com. October 22, 2008. Archived from the original on March 8, 2014. Retrieved November 15, 2013.
  11. ^ Marotte, Bertrand (December 3, 2012). "Saputo buys U.S. dairy company Morningstar for $1.5-billion". The Globe and Mail. Archived from the original on November 17, 2015. Retrieved November 15, 2013.
  12. ^ "Scotsburn sells off its fluid milk business to Saputo". CBC News. January 17, 2014. Archived from the original on March 5, 2014. Retrieved February 28, 2014.
  13. ^ "Saputo Announces Takeover Offer for Warrnambool Has Closed" (PDF). saputo.com. February 12, 2014. Archived (PDF) from the original on February 25, 2015. Retrieved January 28, 2015.
  14. ^ Marshall, Andrew (February 22, 2017). "Saputo completes WCB takeover". farmonline.com.au. Archived from the original on August 5, 2017. Retrieved August 5, 2017.
  15. ^ a b "Mexico's Grupo Bimbo acquires Saputo Bakery". Fox News Latino. Archived from the original on February 5, 2015. Retrieved February 4, 2015.
  16. ^ "Saputo Completes the Acquisition of the Extended Shelf-Life Dairy Product Activities of Southeast Milk, Inc. in the United States". wallstreet-online.de. September 29, 2017. Archived from the original on October 12, 2017. Retrieved October 12, 2017.
  17. ^ "Saputo buys another Wisconsin cheese manufacturer". The Business Journals. Archived from the original on January 23, 2021. Retrieved November 20, 2017.
  18. ^ "Cathedral City firm to be bought for £975m". BBC News. February 22, 2019. Archived from the original on February 22, 2019. Retrieved February 22, 2019.
  19. ^ Onita, Laura (February 22, 2019). "Dairy Crest deal set to net boss Mark Allen £4.8 million". Evening Standard. Archived from the original on February 23, 2019. Retrieved February 22, 2019.
  20. ^ "Canadian dairy giant Saputo enters U.K. market with $1.7B deal for Dairy Crest". Toronto Star. April 15, 2019. Archived from the original on July 6, 2019. Retrieved July 6, 2019.
  21. ^ "Saputo completes acquisition of Dairy Crest". Food Manufacture. April 18, 2019. Archived from the original on October 20, 2020. Retrieved April 19, 2019.
  22. ^ "Saputo sues 3 Canadian newspapers for defamation". cbc.ca. March 8, 2008. Retrieved April 17, 2023.
  23. ^ "Cheese Company Studied For Organized Crime Tie". The New York Times. December 5, 1979. Archived from the original on January 18, 2020. Retrieved October 6, 2023.
  24. ^ "Quebec dairy mogul Lino Saputo had secret past dealings with U.S. mobster Joe Bonanno, then lied about it". cbc.ca. January 16, 2020. Archived from the original on January 3, 2023. Retrieved October 6, 2023.
  25. ^ "SAPUTO INC. : Shareholders Board Members Managers and Company Profile | CA8029121057 | MarketScreener". www.marketscreener.com. Archived from the original on February 23, 2022. Retrieved February 23, 2022.
  26. ^ a b c "Corporate Information | Investors | Saputo". www.saputo.com|saputo.com. Archived from the original on February 23, 2022. Retrieved February 23, 2022.
  27. ^ "Alexis de Portneuf (Saputo)". Canadian Dairy Information Centre. March 16, 2017. Archived from the original on August 5, 2017. Retrieved August 5, 2017.
  28. ^ "Armstrong Pizza Mozzarella Cheese made by Saputo". The Food Wiki. Archived from the original on August 5, 2017. Retrieved August 5, 2017.
  29. ^ a b "Cathedral City maker Dairy Crest to be bought by Saputo". BBC News. February 22, 2019. Archived from the original on November 26, 2021. Retrieved November 26, 2021.
  30. ^ a b Neales, Sue (June 10, 2016). "Warrnambool owner Saputo flags fresh dairy pain". The Australian. Retrieved August 5, 2017.
  31. ^ "Saputo completes acquisition of Dairy Crest". foodmanufacture.co.uk. April 18, 2019. Archived from the original on December 6, 2021. Retrieved November 26, 2021.
  32. ^ "Saputo poised to take total control of Warrnambool Cheese & Butter". The Australian. January 31, 2017. Retrieved August 5, 2017.
  33. ^ "HEALTH HAZARD ALERT - DAIRYLAND brand 1% chocolate milk may contain a chemical sanitizer". canada.ca. October 22, 2005. Archived from the original on August 5, 2017. Retrieved August 5, 2017.
  34. ^ "UPC 040900281888 DairyStar Saputo". Buycott.com. August 2, 2017. Archived from the original on August 5, 2017. Retrieved August 5, 2017.
  35. ^ "Saputo reaches deal to acquire Australian dairy firm for $1.29 billion - BNN Bloomberg". BNN. October 27, 2017. Archived from the original on November 26, 2021. Retrieved November 26, 2021.
  36. ^ Briodagh, Kenneth (August 14, 2013). "Inside Friendship Dairies' Social Media Startup Strategy". eventmarketer.com. Archived from the original on August 5, 2017. Retrieved August 5, 2017.
  37. ^ "Frigo Cheese Heads Now Available in Bold New Flavors". Wisconsin Milk Marketing Board. 2015. Archived from the original on August 5, 2017. Retrieved August 5, 2017.
  38. ^ "Saputo launches ultra-filtered milk brand Joyya in Canada". FoodBev Media. November 9, 2018. Archived from the original on December 17, 2022. Retrieved November 26, 2021.
  39. ^ "Saputo to buy Argentine dairy processor". The Globe and Mail. October 2, 2003. Archived from the original on January 26, 2021. Retrieved August 5, 2017.
  40. ^ Astley, Mark (October 4, 2013). "Saputo enters sports recovery arena with high-protein Milk2Go extension". dairyreporter.com. Archived from the original on April 12, 2017. Retrieved August 5, 2017.
  41. ^ "Saputo completes acquisition of Montchevre Goat Cheese". dairyreporter.com. December 13, 2017. Retrieved November 26, 2021.
  42. ^ "Saputo acquires activities of Murray Goulburn in Australia". foodprocessing-technology.com. Archived from the original on November 26, 2021. Retrieved November 26, 2021.
  43. ^ "Neilson chocolate milk recalled due to listeria concerns". CBC News. June 4, 2016. Archived from the original on June 19, 2017. Retrieved August 5, 2017.
  44. ^ "Saputo repositions Nutrilait milk brand for a messy life". Marketing. July 24, 2015. Archived from the original on June 24, 2017. Retrieved August 5, 2017.
  45. ^ Shepel, Jan. "Salemville Cheese Co-op creates market for Amish farmers' milk". Wisconsin State Farmer. Archived from the original on November 26, 2021. Retrieved November 26, 2021.
  46. ^ Shannon, Chris (March 23, 2016). "Workers 'in shock' over Sydney dairy closure". Cape Breton Post. Archived from the original on August 5, 2017. Retrieved August 31, 2019.
  47. ^ "Saputo beefs up non-dairy cheese and value-added ingredients with 2 acquisitions | Globalnews.ca". Global News. Archived from the original on November 26, 2021. Retrieved November 26, 2021.
  48. ^ "Saputo Completes the Acquisition of the Specialty Cheese Business of Lion Dairy & Drinks Pty Ltd in Australia". GlobeNewswire News Room (Press release). October 28, 2019. Archived from the original on November 26, 2021. Retrieved November 26, 2021.
  49. ^ "Saputo launches fresh mozzarella products under Stella brand". FoodBed Media. May 10, 2016. Archived from the original on August 5, 2017. Retrieved August 5, 2017.
  50. ^ "Saputo, Chunk Feta Cheese - Treasure Cave". Open Food Facts. March 9, 2017. Retrieved August 5, 2017.
  51. ^ "Saputo buys goat cheesemaker Woolwich Dairy". AGCanada.com. October 6, 2015. Archived from the original on August 5, 2017. Retrieved August 5, 2017.
  52. ^ "2020 Annual Report". Saputo Inc. Archived from the original on September 26, 2020. Retrieved February 2, 2021.
  53. ^ "Saputo to acquire UK's cheese maker Wensleydale Dairy Products". foodprocessing-technology.com. Archived from the original on November 26, 2021. Retrieved November 26, 2021.
[edit]
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