{"id":103623,"date":"2026-08-14T17:26:16","date_gmt":"2026-08-14T17:26:16","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/103623\/"},"modified":"2026-08-14T17:26:16","modified_gmt":"2026-08-14T17:26:16","slug":"saputo-to-sell-u-k-operations-to-lactalis-for-around-1-86-billion","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/103623\/","title":{"rendered":"Saputo to sell U.K. operations to Lactalis for around $1.86 billion"},"content":{"rendered":"

\"\"<\/a> Signage for Saputo is seen at a facility in Montreal, on Tuesday, Nov. 4, 2025. THE CANADIAN PRESS\/Christopher Katsarov – The Canadian Press <\/p>\n

Saputo Inc. says it has agreed to sell its dairy division in the United Kingdom to Lactalis for roughly $1.86 billion. <\/p>\n

The Montreal-based company said the deal includes five manufacturing facilities, along with its local brands such as Cathedral City, Wensleydale, Davidstow, Clover and Country Life. <\/p>\n

Saputo said its U.K. operations have generated around $1.2 billion in revenue over the past four quarters, which represents about seven per cent of its total revenue. <\/p>\n

“This transaction reinforces our strategic focus and enhances our financial flexibility as we continue to create long-term shareholder value through disciplined capital allocation,” Saputo president and chief executive Carl Colizza said in a news release Friday. <\/p>\n

The company expects the sale to close by the end of the first quarter of 2027 and says it is subject to certain conditions, including regulatory approvals. <\/p>\n

RBC analyst Irene Nattel said in a note to investors Friday that she views the move as positive. She said that while the U.K. segment “enjoys a position of branded product leadership, it has also struggled with reconstituting profitability.” <\/p>\n

“Today’s announcement crystallizes value for this segment at a level slightly above (Saputo’s) entry value in 2019 and at a multiple above (Saputo’s) current valuation,” she said. <\/p>\n

Saputo announced a deal earlier this year to sell an 80 per cent stake in its dairy division in Argentina to Gloria Foods, the dairy and food holding company of Grupo Gloria. <\/p>\n

Last week, Saputo reported net earnings of $183 million during its first quarter, up from $157 million last year. <\/p>\n

That amounted to diluted net earnings per share of 45 cents, compared with 38 cents during the prior-year quarter. <\/p>\n

Saputo’s revenue came in at $4.42 billion for the period ending June 30, rising year-over-year from $4.36 billion. <\/p>\n

This report by The Canadian Press was first published Aug. 14, 2026. <\/p>\n

Companies in this story: (TSX: SAP) <\/p>\n

Daniel Johnson, The Canadian Press <\/p>\n","protected":false},"excerpt":{"rendered":"Signage for Saputo is seen at a facility in Montreal, on Tuesday, Nov. 4, 2025. THE CANADIAN PRESS\/Christopher…\n","protected":false},"author":2,"featured_media":103624,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[43542,43541,43540,36675,5,6],"class_list":["post-103623","post","type-post","status-publish","format-standard","has-post-thumbnail","category-uk","tag-cathedral-city","tag-manufacturing-facilities","tag-saputo","tag-the-canadian-press","tag-uk","tag-united-kingdom"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117095037902976258","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/103623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=103623"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/103623\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/103624"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=103623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=103623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=103623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}