Farms.com Home   Ag Industry News

Saputo Increases Ownership in Australian Dairy Firm

By Farms.com Staff

Saputo Inc., a Canadian dairy giant bought more shares in Australia’s oldest and fifth largest dairy processor, Warrnambool Cheese & Butter Factory Holdings Co.

Montreal-based Saputo bought Warrnambool’s shares after its rival, Bega Cheese Ltd. agreed to sell its 18.8 percent stake, making Saputo own 45.2 percent of the company.

Saputo has offered AU$9.40 per share if it gets 75 percent of Warrnambool and $9.60 per share if it gets 90 per cent. The offer is said to expire Jan. 22.  
 


Trending Video

Share the Road with Joseph Tyler of El-Vi Farms

Video: Share the Road with Joseph Tyler of El-Vi Farms


No one expects tragedy on a routine drive home. But for farmers across New York, that is a daily fear.

In this emotional video, Joseph Tyler of El-Vi Farms, opens up about how this moment forever changed his family’s life. Farmers are so much more than their equipment. They have parents, siblings, children and friends anxiously waiting at home each night for their loved ones to walk through the door.

Before you pass a tractor or become frustrated behind a slow moving vehicle, we urge you to think of the people inside. Please, slow down and share the road responsibly so we can keep everyone safe.