Saputo to sell U.K. operations to Lactalis for around $1.86 billion
The sale includes five manufacturing facilities and brands such as Cathedral City and Wensleydale, while Saputo says the business generated $1.2 billion in revenue.
- On Friday, Montreal-based Saputo Inc. agreed to sell its United Kingdom dairy division to Lactalis for nearly $1.86 billion, including five manufacturing facilities and brands such as Cathedral City and Country Life.
- Saputo president and chief executive Carl Colizza stated the move aims to provide financial flexibility and sharpen the company's focus on platforms where it competes from a position of strength.
- The United Kingdom operations generated around $1.2 billion in revenue over the past four quarters, representing 7 per cent of total revenues, with divested brands including Wensleydale, Davidstow, and Clover.
- Expected to close by the end of the first quarter of 2027, the deal is subject to regulatory approvals and follows an earlier sale of an 80-per-cent stake in the Argentina division to Gloria Foods.
- These divestments reflect Saputo's ongoing corporate strategy to improve competitive positioning as the company restructures its international footprint to prioritize core markets within the global dairy sector.
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TVA Nouvelles
Le Journal de QuebecThe company has announced an agreement with the French group Lactalis, which will buy the dairy activities of Saputo in the United Kingdom
With this acquisition, the value of which has not been disclosed, Lactalis UK is expanding its portfolio of brands widely consumed in the United Kingdom: Cathedral City and Davidstow cheddar cheeses, Country Life butters, and Clover and Utterly Butterly spreads. "Distributed in cheese shops, supermarkets, and the food service sector, the subsidiary's products are primarily intended for the British market, which represents 94% of sales, with the…
Radio-Canada
La PresseSaputo announces that it has entered into an agreement to transfer its dairy division in the United Kingdom to Lactalis for approximately $1.86 billion.
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