Saputo Divests Majority Stake in Argentina Operations

MONTRÉAL, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Saputo Inc. (TSX: SAP) (“We”, “Saputo” or the “Company”) today announced that it has entered into a definitive agreement with Gloria Foods, the dairy and food holding company of Grupo Gloria, to sell an 80% interest in its Dairy Division (Argentina), valuing the business at an enterprise value of approximately $855 million ($630 million USD). With its retained 20% ownership interest, the Company expects to receive net proceeds, after tax, of approximately $543 million ($400 million USD), subject to certain customary adjustments. The closing of the transaction is expected to occur in the first quarter of fiscal 2027, subject to certain customary closing conditions, including the receipt of applicable regulatory approvals.

Saputo Inc., a leading global dairy processor, has announced its decision to divest a majority stake in its operations within Argentina, a strategic move aimed at enhancing its operational focus and improving capital flexibility. This decision comes as part of the company's ongoing efforts to streamline its operations and concentrate resources on its core markets and businesses.

The agreement involves selling a significant portion of its Argentine subsidiary, which has been identified as an area where Saputo can leverage resources more effectively. By reducing its stake, Saputo intends to focus on its North American and international operations, where it believes it can achieve higher growth potential and operational synergies.

The divestment aligns with Saputo's broader strategy to adapt to evolving market conditions and consumer preferences. As the dairy industry continues to undergo significant changes, including shifts in demand and increased competition, Saputo recognizes the importance of maintaining agility in its business model. This divestment is expected to provide the company with greater financial flexibility, allowing it to reinvest in key growth areas.

Furthermore, the move signals to investors and stakeholders that Saputo is committed to optimizing its asset portfolio. By focusing on its more profitable and strategic regions, the company aims to drive better financial performance. The funds freed up from this transaction can be redirected towards enhancing production capabilities, expanding into new markets, or pursuing strategic acquisitions that complement its core operations.

In its communication regarding the divestment, Saputo has emphasized its commitment to continue servicing its customers and providing high-quality dairy products. The company plans to work closely with its new partners in Argentina to ensure a smooth transition and to maintain a strong presence in the region's dairy market.

Overall, this divestiture represents a tactical repositioning for Saputo, focused on long-term sustainability and growth. It underscores the company’s proactive approach in navigating the complexities of the global dairy landscape, allowing it to concentrate on its strengths while strategically exiting areas that may not align with its growth objectives.

As the market continues to evolve, Saputo's strategic decisions will be closely monitored by industry analysts and investors alike, as they provide insight into the company's future direction and its ability to adapt to changing dynamics in the dairy sector.