Saputo has agreed to sell its United Kingdom dairy business to French group Lactalis in a deal valued at about £988 million, or roughly US$1.86 billion. The transaction includes several UK cheese brands and manufacturing sites, reshaping Saputo's geographic footprint as it focuses on efficiency and higher-value branded products. Saputo expects the sale to close by the end of the first quarter of 2027, subject to regulatory approvals. The company reported quarterly sales of CA$4,421 million and net income of CA$3 million for the first quarter of 2026, and investors will watch how it allocates the proceeds across debt, capital expenditures, and buybacks.
SAP SESaputo sells UK dairy business for £988M, focusing on efficiency and higher-value brands; proceeds may fund debt, capex, or buybacks.
