Overview
- Gloria Foods agreed to acquire the majority stake for about $500 million, while Saputo will retain 20% and estimates roughly $400 million in net proceeds after taxes and adjustments.
- The sale covers two production plants in Córdoba and Santa Fe, the La Paulina, Ricrem and Molfino brands, and Saputo’s commercial office in Brazil.
- The companies disclosed that the transaction remains subject to customary competition reviews before completion.
- Under the arrangement, the Argentine operation managed by Gloria will continue manufacturing select products for Saputo’s international markets.
- Saputo Argentina processes roughly 3.5–3.65 million liters of milk per day and generated about 7% of Saputo Inc.’s consolidated revenue over the last year, framing the strategic scale of the move.