Home / Business and Economy / Saputo Sells Argentine Dairy Stake for $543M
Saputo Sells Argentine Dairy Stake for $543M
19 Jun
Summary
- Saputo completed the sale of 80% of its Argentine dairy business.
- Saputo received approximately $543 million in net proceeds.
- Gloria Foods is the new majority owner of the Argentine operation.
Saputo Inc. announced the completion of a significant transaction on June 18, 2026, divesting 80% of its Dairy Division in Argentina. The acquisition was made by Gloria Foods, the dairy and food holding company of Grupo Gloria.
This strategic sale resulted in Saputo receiving net proceeds amounting to approximately $543 million. Saputo will maintain a 20% ownership interest in the Argentine business following this transaction.
The Argentina platform will continue its operations, manufacturing specific products for Saputo. This arrangement ensures continued support for Saputo's international product portfolio.
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