Canadian cheese and dairy giant Saputo Inc. is hoping to use its international operations to milk the Mexican market in the wake of impending tariffs.
The Montreal-based company doesn’t have a large Mexican presence yet, but could see opportunities in the country crop up if U.S. dairy producers retreat from Mexico because of tariffs of up to 25 per cent on U.S. cheese exporters, says chief executive officer Lino Saputo.
On Aug 31st Saputo Inc. announces that it has entered into an agreement to acquire the extended shelf-life (”ESL”) dairy product activities of Southeast Milk, Inc. (”SMI”). The ESL processing activities are conducted at one manufacturing facility located in Plant City, Florida (USA). The business employs approximately 66 people.
On October 26th Saputo announces that it has entered into an agreement to acquire the business of Murray Goulburn Co-Operative Co. Limited based in Australia.
On November 1st Saputo announces that it has entered into an agreement to acquire Betin, Inc., doing business as Montchevre. Its activities are conducted at one manufacturing facility located in Belmont, Wisconsin (USA). The business employs approximately 319 people.
Saputo Inc. has acquired Woolwich Dairy Inc., a manufacturer of branded and private label goat cheese in North America, for $80 million in cash.
The deal expands Saputo’s presence in the specialty cheese category in North America. As one of the top 10 dairy processors in the world, Saputo produces, markets and distributes a wide range of dairy products.