Saputo to Sell Majority Stake in Argentine Dairy Unit for C$543M
Canadian dairy giant Saputo has reached a agreement to sell an 80% stake in its Argentine operations to Peru’s Grupo Gloria for C$543 million ($400 million). The transaction, which values the division at an enterprise value of C$855 million, marks a significant restructuring of Saputo’s South American footprint while maintaining a 20% minority interest.
The agreement with Gloria Foods, the dairy and food holding arm of Grupo Gloria, includes the divestment of two primary manufacturing facilities and a portfolio of established local brands:
La Paulina
Ricrem
Molfino
Asset Divestment and Operational Continuity
Strategic continuity remains a core component of the arrangement. Saputo confirmed that the Argentine facilities will continue to manufacture specific products on its behalf following the close of the sale. This operational link suggests a phased transition as the company narrows its direct exposure to the Argentine market while maintaining a 20% equity stake.
The transaction is projected to close during the first quarter of fiscal 2027, subject to regulatory approvals and customary closing conditions. At an implied enterprise value of C$855 million, the deal represents a major liquidity event for the Montreal-based processor as it optimizes its international portfolio.
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