Insights and Stories on Saputo

Mar. 23, 2016 at 5:07 am CDT

Quebec dairy giant Saputo hopes to eventually cut about $7 million in annual costs by closing three dairy plants in Eastern Canada before the end of next year. The Montreal company announced Tuesday it will close the former Scotsburn milk plant at Sydney, N.S. in June, the Fromagerie Madame Chevre […]

By Staff

Feb. 10, 2016 at 1:06 pm CST

Reuters — Canada’s second-biggest dairy, Agropur Co-operative, said it is looking to grow in the U.S., possibly through acquisitions, in the face of an expected erosion of its market share at home due to recent international trade deals. Agropur, whose brands include Iogo yogurt and Oka cheese, and larger rival […]

By Rod Nickel

Feb. 4, 2016 at 6:40 pm CST

Reuters — Saputo, one of Canada’s largest dairy producers, reported higher than expected adjusted earnings on Thursday, helped by weakness in the Canadian dollar. For its fiscal third quarter, adjusted net income rose 13.5 per cent to $175.4 million, or 44 cents a share. Revenue during the quarter, which ended […]

By Reuters

Dec. 10, 2015 at 12:48 pm CST

A year and a half later, Jeff Kooyman is still disturbed by a video produced on his farm, Chilliwack Cattle Sales, by the advocacy group Mercy for Animals. Broadcast during prime time on CTV national news on June 2014, the video let the whole world see young workers shouting “f***ing […]

By Nicolas Mesly

Nov. 6, 2015 at 1:05 pm CST

Reuters — Canadian farmers will get squeezed between new trade deals that allow more dairy imports to enter the country and slow-growing domestic consumption, Saputo’s CEO said on Thursday. The Trans-Pacific Partnership trade deal is expected to open access for New Zealand, the U.S. and other countries to 3.5 per […]

By Rod Nickel