Saputo agrees to sell UK dairy unit to Lactalis for £988 million

Reuters2026/08/14 11:05

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Saputo reached a definitive deal to sell its UK dairy business to Lactalis for an enterprise value of GBP 988 million.
Closing targeted by end of Q1 2027; completion depends on customary conditions, including regulatory clearances.
Assets include five manufacturing sites plus branded portfolio led by Cathedral City, with other UK cheese and spreads brands.
UK unit generated about USD 1.2 billion revenue over the last four quarters, about 7% of Saputo’s consolidated revenue.
Proceeds expected to boost financial flexibility, supporting organic investment, capital projects, and acquisitions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Saputo Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608140705PRIMZONEFULLFEED9810303) on August 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Saputo agrees to sell UK dairy unit to Lactalis for £988 million

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