Last C$52.57 CAD
Change Today +0.82 / 1.58%
Volume 162.9K
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As of 4:00 PM 05/17/13 All times are local (Market data is delayed by at least 15 minutes).

saputo inc (SAP) Snapshot

Open
C$51.51
Previous Close
C$51.75
Day High
C$52.84
Day Low
C$51.36
52 Week High
05/9/13 - C$52.93
52 Week Low
09/17/12 - C$39.75
Market Cap
10.3B
Average Volume 10 Days
207.3K
EPS TTM
C$2.51
Shares Outstanding
196.6M
EX-Date
02/28/13
P/E TM
20.9x
Dividend
C$0.84
Dividend Yield
1.56%
Current Stock Chart for SAPUTO INC (SAP)

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saputo inc (SAP) Details

Saputo Inc. engages in the production, sale, and distribution of dairy and grocery products. It offers mozzarella, ricotta, mascarpone, provolone, and cheddar, as well as other specialty and fine cheeses, fluid milk, and a range of dairy products, including cream, yogurt, butter, powdered milk, evaporated milk, ice cream mixes, and value added dairy ingredients, such as whey powder, lactose, and whey protein; soft, semi-soft, hard, and grated cheeses; and non-dairy products comprising flavored coffee creamers, juices, and drinks. The company also distributes fine imported cheeses to specialty stores. In addition, it produces, markets, and distributes fresh tarts and fresh cookies, as well as snack-cakes to the retail market. The company sells its products under various brands, such as Saputo, Alexis de Portneuf, Armstrong, Baxter, Dairyland, Danscorella, Dragone, DuVillage 1860, Frigo Cheese Heads, Great Midwest, King’s Choice, Kingsey, La Paulina, Neilson, Nutrilait, Ricrem, Salemville, Stella, Treasure Cave, hop & go, Rondeau, and Vachon. Further, it manufactures private label products for third parties. Saputo sells its products to retail customers, which include supermarket chains, mass-merchandisers, convenience stores, independent retailers, warehouse clubs, and specialty cheese boutiques; foodservice customers, including broadline distributors, restaurants, hotels, and institutions; and industrial clients comprising processors who use its products as ingredients in the preparation of other food items. It sells products directly, as well as through third party carriers and distributors. The company operates primarily in Canada, Europe, Argentina, and the United States. Saputo Inc. was founded in 1954 and is headquartered in Saint-Leonard, Canada.

10,097 Employees
Last Reported Date: 06/5/12
Founded in 1954

saputo inc (SAP) Top Compensated Officers

Vice Chairman and Chief Executive Officer
Total Annual Compensation: C$1.1M
President and Chief Operating Officer
Total Annual Compensation: C$675.0K
Executive Vice President of Finance & Adminis...
Total Annual Compensation: C$625.0K
President of Dairy Products Division (USA) an...
Total Annual Compensation: C$555.6K
Executive Vice President of Human Resources
Total Annual Compensation: C$280.0K
Compensation as of Fiscal Year 2012.

saputo inc (SAP) Key Developments

Saputo In Talks To Divest Plant To Dairy Partners

Saputo, Inc. (TSX:SAP) is holding discussions to divest its cheese making factory in Newcastle Emlyn to Dairy Partners Limited. The company decided to divest the plant due to lack of profitability. Sandy Vassiadis, spokesperson for Saputo said: "I wanted to confirm that we are in advanced stages of negotiations with Dairy Partners of Wales for the sale of our Newcastle Emlyn plant. Both parties intend to finalize an agreement shortly." Dairy Partners stated: "We are in exclusive negotiations with Saputo about the Newcastle Emlyn facility and will be in a position to give more details in the near future."

Lactalis In Talks To Acquire Saputo Cheese Plant

Groupe Lactalis S.A. is negotiating the acquisition of a Germany cheese manufacturing plant from Saputo, Inc. (TSX:SAP). Saputo spokesperson Sandy Vassiadis said that Saputo is in advanced stages of negotiations regarding a possible sale of the German facility. Saputo will attempt to conclude the transaction by the end of April 2013, Vassiadis added. If negotiations between Lactalis and Saputo are successful, about 70 jobs will be saved at the plant. The site will face closure if no deal is completed.

Saputo Seeks Buyer For Cheese Factory

Saputo, Inc. (TSX:SAP) confirmed that it is still looking for a buyer for its cheese factory in Aberarad. The company said in a statement that talks were continuing and the factory remains open. Saputo said, “As part of the consultation process, Saputo has had discussions with the workforce union and we have had individual consultations with our site staff. We continue to work on finding buyers for the plant and our personnel is kept informed on a regular basis.”

 

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