Saputo Inc.: A Global Dairy Leader

Location: Montreal, Quebec, Canada

Saputo Inc., founded in 1954 by the Saputo family, has ascended to the forefront of the dairy industry. This company is renowned for its diverse range of dairy products, including cheese, milk, dairy ingredients, and nutritional offerings, and has established a strong international market presence.

Financial Performance

In the 2024 fiscal year, Saputo Inc. reported impressive revenues of CAD 15.03 billion, reflecting its robust market position and successful growth strategies. The company continued its strong performance into fiscal year 2025, with revenues of CAD 14.308 billion for the first nine months.

Recent Developments

Saputo Inc. has undertaken several strategic actions to enhance its operations. In 2024, the company announced the closure of six U.S. facilities as part of efforts to streamline operations and increase efficiency. Additionally, the sale of two fresh milk processing facilities to Coles Group Limited marked a move to divest non-core assets, allowing Saputo to concentrate on its core strengths in dairy manufacturing.

On August 9, 2024, Saputo held its annual shareholders meeting, where it reaffirmed its commitment to strong governance with the election of its board of directors. Despite its successes, the company faced criticism from Victorian dairy leaders following CFO Maxime Therrien's comments on Australian farmgate milk prices.

Future Plans

Looking ahead, Saputo Inc. aims to optimize its supply chain and enhance operational efficiency to maintain its competitive edge in the global market. The company also plans to invest significantly in sustainability initiatives and technological advancements to meet current industry demands and anticipate future trends.

Saputo's commitment to creating a supportive workplace has been recognized, as the company was named one of Canada’s Top 100 Employers by Mediacorp Canada Inc. for the second consecutive year.

Acknowledgements

Lino A. Saputo's appointment to the Order of Canada highlights the company's impact and leadership within the industry. Saputo Inc. operates over 67 plants worldwide and employs approximately 19,600 people, distributing products in over 60 countries under various brands.

Modified: 2025/05/18

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