Saputo Inc.: A Global Dairy Leader

Location: Montreal, Quebec, Canada

Founded: 1954

Saputo Inc. stands at the forefront of the dairy industry, recognized globally for its extensive range of dairy products that include cheese, milk, dairy ingredients, and nutritional offerings. The company has significantly expanded its footprint through both strategic acquisitions and organic growth, reaching a vast international market.

Financial Performance

In the 2024 fiscal year, Saputo Inc. reported an impressive revenue of CAD 15.03 billion. This financial achievement underscores the company's prowess in maintaining its market position and driving growth through deliberate strategic initiatives.

Recent Developments

Saputo Inc. has engaged in several strategic moves as part of its operational enhancement efforts. During the 2024 fiscal review, the company announced the closure of six U.S. facilities. This decision aligns with Saputo's focus on streamlining operations and boosting efficiency amid evolving industry dynamics.

Further reinforcing its strategic goals, Saputo completed the sale of two fresh milk processing facilities to Coles Group Limited. This divestiture supports the company's strategy to shed non-core assets while homing in on its strengths in dairy manufacturing.

On August 9, 2024, Saputo held its annual shareholders meeting, reaffirming its commitment to robust governance by electing its board of directors. Despite its success, Saputo faced criticism from Victorian dairy leaders following CFO Maxime Therrien's remarks regarding Australian farmgate milk prices, particularly in the wake of closing the King Island Dairy.

Future Plans

Looking forward, Saputo Inc. plans to place emphasis on optimizing its supply chain and enhancing operational efficiency to sustain its competitive position in the global market. Concurrently, the company intends to channel significant investments into sustainability initiatives and technological advancements, ensuring it not only meets current industry demands but also anticipates future trends.

In recognition of its exemplary workplaces, Saputo Inc. has been named one of Canada’s Top 100 Employers by Mediacorp Canada Inc. for the second consecutive year, highlighting its dedication to creating a supportive and dynamic work environment.

Acknowledgements: Lino A. Saputo appointed to the Order of Canada.

Modified: 2025/02/05

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