Saputo has agreed to sell its UK dairy division to Lactalis in a deal valuing the business at approximately £988 million.
The transaction includes five manufacturing facilities and a portfolio of established dairy brands, including Cathedral City, Wensleydale, Davidstow, Clover and Country Life.
Saputo’s UK division generated revenue of approximately $1.2 billion over the past four quarters, accounting for around 7% of the Canadian dairy group’s consolidated revenue.
Carl Colizza, president and CEO of Saputo, said the divestment would allow the company to refine its international footprint and concentrate on areas where it holds a stronger competitive position.
“The value to be realised recognises the expertise of the UK team, the quality of the operations and the market position of these leading brands,” Colizza commented.
He added that the transaction would strengthen Saputo’s financial flexibility and support its approach to capital allocation.
Saputo plans to assess opportunities to reinvest the proceeds in its strategic priorities, including organic growth initiatives, capital projects and potential acquisitions.
Completion is expected by the end of the first quarter of 2027, subject to customary closing conditions and regulatory approvals.
by Rafaela Sousa
Source: foodbev.com
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