{"id":1148132,"date":"2026-08-14T13:00:46","date_gmt":"2026-08-14T13:00:46","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/1148132\/"},"modified":"2026-08-14T13:00:46","modified_gmt":"2026-08-14T13:00:46","slug":"saputo-to-sell-u-k-operations-to-lactalis-for-around-1-86-billion","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/1148132\/","title":{"rendered":"Saputo to sell U.K. operations to Lactalis for around $1.86 billion"},"content":{"rendered":"<p class=\"c-paragraph\">MONTREAL \u2014 <a href=\"https:\/\/www.bnnbloomberg.ca\/stock\/SAP:CT\/\" target=\"_blank\" rel=\"nofollow noopener\" title=\"https:\/\/www.bnnbloomberg.ca\/stock\/SAP:CT\/\">Saputo Inc.<\/a> says it has agreed to sell its dairy division in the United Kingdom to Lactalis for nearly $1.86 billion.<\/p>\n<p class=\"c-paragraph\">The Montreal-based company says the deal includes five manufacturing facilities, along with its local brands such as Cathedral City, Wensleydale, Davidstow, Clover and Country Life.<\/p>\n<p class=\"c-paragraph\">Saputo says its U.K. operations have generated around $1.2 billion in revenues over the past four quarters, which represents seven per cent of its total revenues.<\/p>\n<p class=\"c-paragraph\">Saputo president and chief executive Carl Colizza says the move is meant to give the company more financial flexibility and \u201csharpen our focus on platforms where Saputo competes from a position of strength.\u201d<\/p>\n<p class=\"c-paragraph\">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<p class=\"c-paragraph\">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<p class=\"c-paragraph\">This report by The Canadian Press was first published Aug. 14, 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"MONTREAL \u2014 Saputo Inc. says it has agreed to sell its dairy division in the United Kingdom to&hellip;\n","protected":false},"author":2,"featured_media":1148133,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3,4],"tags":[15447,748,51,393,4884,1144,712,16,15,1764],"class_list":["post-1148132","post","type-post","status-publish","format-standard","has-post-thumbnail","category-uk","category-united-kingdom","tag-beverage","tag-britain","tag-business","tag-england","tag-great-britain","tag-northern-ireland","tag-scotland","tag-uk","tag-united-kingdom","tag-wales"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/117093992062664422","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1148132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=1148132"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1148132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/1148133"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=1148132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=1148132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=1148132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}