||This article includes a list of references, but its sources remain unclear because it has insufficient inline citations. (November 2013)|
|Type||Public (TSX: SAP)|
|Industry||Food - Major Diversified|
|Headquarters||Montreal, Quebec, Canada|
|Area served||Canada, Argentina, United States|
Lino Saputo (Executive Chairman)Lino A. Saputo, Jr. (Vice-Chairman, CEO, President)
|Revenue||C$9.85 billion (2014)|
|Net income||C$499.50 million (2014)|
Saputo Inc. (TSX: SAP) is a Montreal-based Canadian dairy company. Founded as a cheese store in 1954 by Italian immigrant Giuseppe Saputo, today Saputo’s business includes cheese, baked goods and milk production, and it is the world's twelfth largest dairy producing company. After growing in its home region of Quebec, the company has expanded by mergers and acquisitions.
Saputo operates in Canada, as well as in the United States and Argentina, and operated in Wales and Germany from 2006 to 2013. It is the largest dairy processor in Canada, 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).
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. 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.
Saputo announced in 2012 it would buy Morningstar Food for US$1.45 billion. 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.
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 million.
The number of trade-marks is large. There are 650 trade-marks registered in Canada. 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.
- Alto Dairy Cooperative
- Dairyland Canada
- Neilson Dairy
- Vachon (notable products May West, Jos. Louis, Passion Flakie, Ah Caramel, 1/2 Moon)
- http://www.forbes.com/companies/saputo/. Missing or empty
- "Home - Candidates". Saputo. Retrieved 2013-11-15.
- "Saputo bailing out of European cheese market".
- Agriculture and Agri-Food Canada - The Canadian Dairy Industry at a Glance[dead link]
- Ben Popken, TODAY contributor (2012-11-19). "Twinkie's last stand: It's up to a mediator - TODAY.com". Lifeinc.today.com. Retrieved 2013-11-15.
- "Saputo Inc. spends $407 million for Dairyworld Foods". CBC News. December 18, 2000.
- "Inc. announces an agreement to acquire Dairyworld Foods - Investors and Media". Saputo. Retrieved 2013-11-15.
- Gazette, Montreal (2008-10-22). "Saputo acquires George Weston's Neilson dairy". Canada.com. Retrieved 2013-11-15.
- Bertrand Marotte (2012-12-03). "Saputo buys U.S. dairy company Morningstar for $1.5-billion". The Globe and Mail. Retrieved 2013-11-15.
- "Scotsburn sells off its fluid milk business to Saputo". CBC News. Jan 17, 2014. Retrieved 28 February 2014.
- "Advanced Search - Canadian Trade-marks Database - Canadian Intellectual Property Office". Ic.gc.ca. Retrieved 2013-11-15.
- "Company Profile". Saputo.com. 2013-04-01. Retrieved 2013-11-15.
- 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[dead link]