Saputo Ups Ante in Warrnambool

Saputo has increased its stake in Warrnambool Cheese and Butter Factory to more than 80%.

February 11, 2014

February 11/Toronto/Press Release -- Saputo has increased its stake in Warrnambool Cheese and Butter Factory to more than 80%, edging the Canadian dairy giant's takeover of the Victorian company closer to completion.

Saputo said it had received acceptances of 81.436% of Warrnambool shares.

Saputo, Australia's Bega Cheese and Murray Goulburn Co-operative were involved in a prolonged three-way tussle for control of Warrnambool.

However, the two Australian companies have agreed to sell their stakes in Warrnambool to Saputo.

You must login or register in order to post a comment.

Improper R&D processing thick products virtually guarantee failures at the plant. MicroThermics has extensive experience processing thick products including puddings, cheese sauces, fruit sauces & purées, concentrates, ice creams, cream cheese, and more.

According to the research organization, Statista, the sales of cold-brewed coffee are forecast to reach nearly $1 billion by 2025, growing at a compound annual growth rate (CAGR) of 24 per cent from the base year of 2015.