M&A Deal Summary

Saputo Acquires Culinar

On August 4, 1999, Saputo acquired food company Culinar for 280M USD

Acquisition Highlights
  • This is Saputo’s 5th transaction in the Food sector.
  • This is Saputo’s 5th largest (disclosed) transaction.
  • This is Saputo’s 4th transaction in Canada.
  • This is Saputo’s 2nd transaction in Quebec.

M&A Deal Summary
Date 1999-08-04
Target Culinar
Sector Food
Buyer(s) Saputo
Deal Type Add-on Acquisition
Deal Value 280M USD

Target

Culinar

Baie-Comeau, Quebec, Canada
Culinar, Inc. is the largest manufacturer of snack cakes and one of the more important cookie and fine breads manufacturers in Canada. The company’s range of well-established national and regional brands includes Vachon, Viau-McCormicks, Normandie, Grissol and Loney’s. Culinar sells its products mainly on the retail market, across Canada.

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Buyer(S) 1

Buyer

Saputo

Montreal, Quebec, Canada
Category Company
Founded 1954
Sector Food
Employees19,200
Revenue 17.8B CAD (2023)
DESCRIPTION

Saputo is a producer, marketer and distributor of a wide array of products including cheese, fluid milk, yogurt, dairy ingredients and snack-cakes. Saputo was incorporated in 1954 and is based in Montreal, Canada.

DEAL STATS #
Overall 5 of 17
Sector (Food) 5 of 17
Type (Add-on Acquisition) 4 of 14
State (Quebec) 2 of 3
Country (Canada) 4 of 7
Year (1999) 1 of 1
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-09-16 Bari Cheese

Vancouver, British Columbia, Canada

Bari Cheese Ltd. produces and markets Italian specialty cheeses such mozzarella, ricotta and bocconcini, as well as butter, under the brand name Bari.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-24 Cayer-JCB Group

Saint-Léonard, Quebec, Canada

Cayer-JCB Group, Inc. specialises in the manufacturing of European-type cheeses such as havarti, brie, camembert, feta and goat. The company's range of well-established brands include: Cayer, Etoile, Belle-Crème and Le Baron. Cayer sell its products mainly at the retail level across Canada, as well as in many American states.

Buy CA$20M
Mergr

Product

Company

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