US EditionSaputo Enters Agreement to Divest Majority Stake in its Argentina Operations, Enhancing Strategic Focus and Capital Flexibility
- Saputo Inc. has agreed to sell an 80% stake in its Argentina Dairy Division to Gloria Foods for about $855 million, retaining a 20% ownership interest.
- Saputo expects to receive approximately $543 million in net proceeds after tax from the sale, subject to adjustments.
- The sale includes two manufacturing plants and local brands such as La Paulina, Ricrem, and Molfino, with closing expected in the first quarter of fiscal 2027.
- Saputo states the deal improves financial flexibility, supports reinvestment in growth opportunities, and maintains Argentina-sourced products for international markets.
22 Articles
22 Articles
Gloria Foods acquires 80% of Saputo Argentina. The operation totals approximately US$500 million and will allow the Gloria Group company to strengthen its presence in the dairy sector.
The dairy processor Saputo sells the majority of its operations in Argentina. The Montreal company thus divested itself from its most volatile division.
Globe Newswire
Saputo Enters Agreement to Divest Majority Stake in its Argentina Operations, Enhancing Strategic Focus and Capital Flexibility
MONTRÉAL, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Saputo Inc. (TSX: SAP) (“We”, “Saputo” or the “Company”) today announced that it has entered into a...
Canadian multinational Saputo Inc., one of the world’s leading dairy processors, announced an agreement to sell 80% of its dairy division in Argentina to Peruvian holding Gloria Foods, part of the Gloria Group, in an operation valued at approximately $630 million. The transaction is part of a redefinition of Saputo’s global strategy, aimed at improving capital allocation and prioritizing markets with greater growth opportunities. Despite yieldin…
The Canadian Saputo will retain 20% and hopes to close the transaction in 2027. The Peruvian firm entered the Argentine market in 2006 associated with the Gonella family to create Corlasa. Read more
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