M&A Deal Summary

Saputo Acquires Murray Goulburn Co-Operative

On October 26, 2017, Saputo acquired food company Murray Goulburn Co-Operative for 1.3B CAD

Acquisition Highlights
  • This is Saputo’s 14th transaction in the Food sector.
  • This is Saputo’s 2nd largest (disclosed) transaction.
  • This is Saputo’s 2nd transaction in Australia.

M&A Deal Summary

Date 2017-10-26
Target Murray Goulburn Co-Operative
Sector Food
Buyer(s) Saputo
Deal Type Add-on Acquisition
Deal Value 1.3B CAD

Target

Murray Goulburn Co-Operative

Southbank, Australia
Murray Goulburn Co-Operative Co. Ltd. produces a full range of high-quality dairy foods, including drinking milk, milk powder, cheese, butter and dairy beverages, as well as a range of ingredient and nutritional products, such as infant formula. MG supplies the retail and foodservice industries globally with its flagship Devondale, Liddells and Murray Goulburn Ingredients brands. Murray Goulburn has approximately 2,300 employees and operates eleven manufacturing facilities across Australia and China.

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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 14 of 17
Sector (Food) 14 of 17
Type (Add-on Acquisition) 11 of 14
Country (Australia) 2 of 2
Year (2017) 2 of 3
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-31 Southeast Milk - Extended Shelf-Life Business

Plant City, Florida, United States

Southeast Milk, Inc. - Extended Shelf-Life Business engages in dairy product activities & processing activities are conducted at one manufacturing facility located in Plant City, Florida (USA). The business employs approximately 66 people.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Montchevre

Rolling Hills Estates, California, United States

Montchevre manufactures, markets and distributes goat cheese in the United States, mainly under the Montchevre brand. Its activities are conducted at one manufacturing facility located in Belmont, Wisconsin (USA). The business employs approximately 319 people.

Buy -