Saputo's thirst for deals yet to sour, but added scale does little to bolster its competitive edge.
Saputo jumped back in the ring, announcing its intentions to acquire Murray Goulburn Co-Operative, an Australian dairy processor, in a CAD 1.29 billion tie up that is expected to close during the first half of 2018. The Australian dairy market is particularly attractive given its proximity to Asia, but as was the case when it acquired Warrnambool Cheese and Butter Factory in 2014 (another Australian dairy processor for 11-13 EBITDA), it appears Saputo was involved in a bidding war, as the price ...Saputo produces, markets, and distributes an array of dairy products including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. Co.'s products are sold in several countries under brand names such as Saputo, Alexis de Portneuf, Armstrong, COON, Cracker Barrel*, Dairyland, DairyStar, Friendship Dairies, Frigo Cheese Heads, La Paulina, Milk2Go/Lait's Go, Neilson, Nutrilait, Scotsburn*, Stella, Sungold, Treasure Cave and Woolwich Dairy. Co. operates its business through three sectors, the Canada Sector, the USA Sector and the International Sector.
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