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...In contrast the Saputo name is relatively unfamiliar to most Brits....
...Nevertheless, Lino Saputo, chairman and chief executive of Saputo, said that Dairy Crest was “an attractive platform” for the company’s expansion that “fits well within our growth strategy”....
...Canada’s Saputo has agreed to buy Murray Goulburn Co-operative, the largest milk processor in Australia, for A$1.3bn ($995.7m)....
...In 2014, Bega lost a bidding war to buy its Australian rival, Warrnambool Cheese and Butter, to Saputo, the Canadian dairy processor....
...A third bidder, Australia’s Bega Cheese, dropped out last week by selling its 18.8 per cent stake to Saputo....
...Bega Cheese on Thursday agreed to sell its 18.8 per cent shareholding in Warrnambool to Saputo for between A$94.7m ($83m) and A$101m....
...China was notable by its absence from this year’s ferocious three-way fight for Warrnambool Cheese & Butter of Australia (Canada’s Saputo won)....
...Assuming that Kirin merely wants a seat at the table since WCB is a key Lion supplier, investors should snaffle Saputo’s offer sharpish....
...Dean Foods was advised by Evercore Partners, while Rabobank and Rothschild advised Saputo....
...In deal news, Dean Foods agreed to sell its Morningstar Foods division for $1.45bn to Saputo Inc, a Canadian dairy company....
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