Saputo Makes Two Acquisitions

June 1, 2021
Canadian cheese processor Saputo has acquired both a plant-based alternative cheese manufacturer and a maker of specialty dairy ingredients.

Canadian cheese processor Saputo has acquired both a plant-based alternative cheese manufacturer and a maker of specialty dairy ingredients.

Saputo has acquired Bute Island Foods, a manufacturer of Sheese, a vegan brand of plant-based cheese. The company is located on Bute Island, off the west coast of Scotland. Bute Island Foods produces private label products as well as Sheese and employs about 180 people.

In addition, Saputo has entered into an agreement to buy a manufacturing facility from Wisconsin Specialty Protein LLC. Located in Reedsburg, Wis., the plant makes goat milk whey, organic lactose and other dairy powders. The two acquisitions will cost Saputo about C$187 million, or about U.S. $155 million.

“We are delighted to welcome the Bute Island Foods team and the wealth of knowledge they bring to our global family,” Lino Saputo, CEO and board chair, said in a statement. “Our commitment remains to expand our footprint in the dairy alternatives space to meet the changing demands of our customers and consumers. This investment marks an important milestone that will allow us to accelerate our growth in this area globally, putting innovation at the forefront of our priorities.”

Sponsored Recommendations

Refrigerated transport services you can count on

Ensure product quality from origin to final destination with refrigerated shipping solutions from Schneider.

4 shipping challenges that a dedicated carrier can solve

Navigating the logistics industry is challenging. Find out how a dedicated transportation solution can solve some of the most common shipping challenges.

Dedicated lightweight solution maximizes bottled water payload

A leading bottled water company needed a carrier to transport water from 29 plants to retailers. The challenge? Handling over 46,000 pounds. Read the study.

Recipe for successful growth: Schneider’s dedicated fleet services helps bakery rise

Learn how a large bakery company complimented their private fleet with Schneider Dedicated freight services to increase freight capacity, amplify visibility & reduce costs.