Saputo Inc.
 | |
| Type | Public (TSX: SAP) |
|---|---|
| Industry | Food - Major Diversified |
| Headquarters | Montreal, Quebec, Canada |
| Area served | Canada, Germany, Wales (United Kingdom), Argentina, United States |
| Key people |
Lino Saputo (Executive Chairman) Lino A. Saputo, Jr. (Vice-Chairman, CEO, President) |
| Revenue |
 C$6.02 billion (2011)[1] |
| Net income |
C$451.11 million (2011)[1] |
| Employees | 9,200 (2008)[2] |
| Subsidiaries | Vachon Inc. |
| Website | www.saputo.com |
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.[3] 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, Germany, Wales and Argentina. It is the largest dairy processor in Canada,[4] third largest in Argentina,[citation needed] and among the three largest cheese makers in the United States.[citation needed] About a third of its revenues[citation needed] 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).[5]
History
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.[6][7] 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.
In 2008, Saputo continued its series of acquisitions by purchasing Neilson Dairy from George Weston Limited for C$465 million.[8]
Saputo announced in 2012 it would buy Morningstar Food for US$1,45 billion.[9] 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.
Brands
The number of trade-marks is large. There are 650 trade-marks registered in Canada.[10] 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.[11]
Subsidiaries
- Alto Dairy Cooperative
- Dairyland Canada
- Neilson Dairy
- Vachon (notable products May West, Jos. Louis, Passion Flakie, Ah Caramel, 1/2 Moon)
See also
- Joey Saputo
- Lino Saputo
- Saputo Stadium, a soccer venue in Montreal
References
- ↑ 1.0 1.1 http://www.saputo.com/uploadedFiles/Saputo/investors-and-medias/financial-documents/RA2011_EN.pdf
- ↑ "Company Profile for Saputo Inc (CA;SAP)". Retrieved 2008-10-09.
- ↑ "Home - Candidates". Saputo. Retrieved 2013-11-15.
- ↑ Agriculture and Agri-Food Canada - The Canadian Dairy Industry at a Glance
- ↑ 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.
- ↑ "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
External links
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