Saputo to Sell Majority Stake in Argentine Dairy Unit for C$543M

The agreement with Gloria Foods, the dairy and food holding arm of Grupo Gloria, includes the divestment of two primary manufacturing facilities and a portfolio of established local brands:

• La Paulina
• Ricrem
• Molfino

Asset Divestment and Operational Continuity

Strategic continuity remains a core component of the arrangement. Saputo confirmed that the Argentine facilities will continue to manufacture specific products on its behalf following the close of the sale. This operational link suggests a phased transition as the company narrows its direct exposure to the Argentine market while maintaining a 20% equity stake.

The transaction is projected to close during the first quarter of fiscal 2027, subject to regulatory approvals and customary closing conditions. At an implied enterprise value of C$855 million, the deal represents a major liquidity event for the Montreal-based processor as it optimizes its international portfolio.