[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 7 sources · 5 days · First seen · Last updated

Saputo sale of UK dairy division to Lactalis

Overview

Saputo Inc. has entered into a definitive agreement to sell its United Kingdom dairy division to B. S. A. SAS (Lactalis) for an enterprise value of approximately £988 million.

The transaction includes five manufacturing facilities located in Hawes, Davidstow, Nuneaton, Kirkby, and the Isle of Bute, along with several prominent local brands such as Cathedral City, Wensleydale, Davidstow, Clover, Country Life, and Utterly Butterly. Saputo reported that its U.K. operations generated roughly $1.2 billion in revenue over the previous four quarters, representing 7% of its total revenue.

Saputo President and CEO Carl Colizza stated the divestiture is intended to provide the company with “greater financial flexibility” and allow it to focus on platforms where it maintains a competitive advantage. For Lactalis, the acquisition is a strategic move to strengthen its presence in the U.K. market and establish itself as a leading supplier of cheddar and butter spreads. The deal is expected to close by the end of the first quarter of 2027, pending regulatory approvals and other customary conditions.

Entities

Lactalis · United Kingdom · Donald Trump Jr. · Saputo Inc. · Cathedral City

Timeline

  1. 26 days ago

    [BUSINESS] 2 sources
    Lactalis to acquire Saputo’s UK dairy division for £988 million

    Lactalis will acquire Saputo’s UK dairy division, including brands like Cathedral City, for approximately £988 million, aiming to expand its UK market presence by early 2027.

  2. about 1 month ago

    [BUSINESS] 5 sources
    Saputo to sell U.K. dairy operations to Lactalis

    Saputo Inc. will sell its U.K. dairy division to Lactalis for approximately $1.86 billion, a move intended to increase financial flexibility and focus on core competitive platforms.

Sources

business.financialpost.com · financialpost.com · grocerygazette.co.uk · lesaffaires.com · portalspozywczy.pl · pulse2.com · winnipegfreepress.com