The Saputo family immigrated to Montreal, Canada in the 1950s with teenaged Emanuele, and they continued their cheese business. The company expanded from that point until it went public in 1997. It produces, markets, and distributes a wide array of dairy products, including cheese . Arriving in Canada in search of a brighter future, the Saputo family settled in Montral and planted the seeds of what is now a global company. Todays Wordle #621 Hint, Clues And Answer For Thursday, March 2nd, AEW Dynamite Results: Winners And Grades On March 1, 2023, What Brands Need To Know: Social Marketing In 2023, Teslas Investor Day Is Long On Time, Short On Useful New Details, Biden Not Confident Supreme Court Will Uphold Student Debt Cancellation, Celta Vigo Star Gabri Veiga Is Alerting Wealthy Teams In The Premier League, A Psychologist Offers Advice On How To Repair A Family Rift, 2022 Billionaires: Cities With The Most Billionaires, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Linos interests also expanded beyond dairy. Fortins business prowess has been widely demanded. Members of the Saputo family have just sold $7 million worth of shares in the Montreal trucking company TFI International. The Saputo family has a long history of meaningful philanthropy, beginning with Lino and Mirella who co-founded their foundation in 1979. December 24, 2015, Rich 100 rank: #5 + Is Making Bi-Weekly Payments on a Mortgage a Good Idea? He later went on to become the full owner of Molson Brewery in Montreal. Check out the latest episode below: Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. And thats the second part of the companys success focusing on customer retention and happiness. He scraped together $500 in savings for The Rossy Family gave the country a discount store called Dollarama. Lino Saputo is married to Mirella, and they have three children: Joey, Lino Jr., and Nadia. According to Forbes, Bouchard is worth about $4.2 billion USD ($5.08 billion CAD). Copyright 2023 St. Joseph Communications. Selected Morningstar National Bank Qubec companies of, Learn how and when to remove this template message, Warrnambool Cheese & Butter Factory Company Holdings Limited, List of dairy product companies in the United States, "Shareholder Reports | Investors | Saputo", "Saputo bailing out of European cheese market", "Twinkie's last stand: It's up to a mediator", "Cercle des Grands entrepreneurs du Qubec", "Saputo Inc. spends $407million for Dairyworld Foods", "Saputo acquires George Weston's Neilson dairy", "Saputo buys U.S. dairy company Morningstar for $1.5-billion", "Scotsburn sells off its fluid milk business to Saputo", "Saputo Announces Takeover Offer for Warrnambool Has Closed", "Mexico's Grupo Bimbo acquires Saputo Bakery", "Saputo Completes the Acquisition of the Extended Shelf-Life Dairy Product Activities of Southeast Milk, Inc. in the United States", "Saputo buys another Wisconsin cheese manufacturer", "Cathedral City firm to be bought for 975m", "Dairy Crest deal set to net boss Mark Allen 4.8million", "Canadian dairy giant Saputo enters U.K. market with $1.7B deal for Dairy Crest", "Saputo completes acquisition of Dairy Crest", "SAPUTO INC.: Shareholders Board Members Managers and Company Profile | CA8029121057 | MarketScreener", "Corporate Information | Investors | Saputo", "Armstrong Pizza Mozzarella Cheese made by Saputo", "Cathedral City maker Dairy Crest to be bought by Saputo", "Warrnambool owner Saputo flags fresh dairy pain", "Saputo poised to take total control of Warrnambool Cheese & Butter", "HEALTH HAZARD ALERT - DAIRYLAND brand 1% chocolate milk may contain a chemical sanitizer", "Saputo reaches deal to acquire Australian dairy firm for $1.29billion - BNN Bloomberg", "Inside Friendship Dairies' Social Media Startup Strategy", "Frigo Cheese Heads Now Available in Bold New Flavors", "Saputo launches ultra-filtered milk brand Joyya in Canada", "Saputo to buy Argentine dairy processor", "Saputo enters sports recovery arena with high-protein Milk2Go extension", "Saputo completes acquisition of Montchevre Goat Cheese", "Saputo acquires activities of Murray Goulburn in Australia", "Neilson chocolate milk recalled due to listeria concerns", "Saputo repositions Nutrilait milk brand for a messy life", "Salemville Cheese Co-op creates market for Amish farmers' milk", "Workers 'in shock' over Sydney dairy closure", "Saputo beefs up non-dairy cheese and value-added ingredients with 2 acquisitions | Globalnews.ca", "Saputo Completes the Acquisition of the Specialty Cheese Business of Lion Dairy & Drinks Pty Ltd in Australia", "Saputo launches fresh mozzarella products under Stella brand", "Saputo, Chunk Feta Cheese - Treasure Cave", "Saputo buys goat cheesemaker Woolwich Dairy", "Saputo to acquire UK's cheese maker Wensleydale Dairy Products", https://en.wikipedia.org/w/index.php?title=Saputo_Inc.&oldid=1130179942, Companies listed on the Toronto Stock Exchange, Food and drink companies established in 1954, Manufacturing companies based in Montreal, Articles lacking reliable references from June 2017, Articles with unsourced statements from February 2022, Articles with unsourced statements from June 2017, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, Canada, United States, Argentina, Australia, United Kingdom, The Caisse de dpt et placement du Qubec, Revenues: 14,3 billion CAD as at March 31, 2021, Employees: Approximately 18 000 as at February 10, 2022, Facilities: 67 (18 in Canada, 29 in the US, 13 international and 7 in Europe as at March 31, 2021, This page was last edited on 29 December 2022, at 00:16. Montreal CF did remarkably well to make it to the CONCACAF Champions League final in the 2014/2015 season, but Mexican team America proved to be a big catch for the Canadian outfit in the title game. The story of Saputo starts in Italy in the first half of the 20th century where his father, Giuseppe Saputo, was an artisan cheesemaker. Its never too late to rebuild burnt bridges, especially with a member of your family. Use the HARDBACON promo code to get $20 when you open a free KOHO account and make a purchase. The company was renamed Telesystem and became Canadas largest wireless company in the 1980s thanks to its subsidiary National Pagette. The foundation provides money to a variety of causes including those focusing on healthcare. The acquisition of La Presse and other Quebec newspapers gave him political influence in Quebec. Lino grew the company in the following decades, taking it public in 1997; today its products are sold in more than 40 countries. Major company holdings: Saputo, Transforce The company went public on the Toronto Stock Exchange in October 1997 and shortly after tripled its size by acquiring Stella Foods in the U.S. Jolina Capital Inc., a holding company controlled by Lino Saputo, holds 32 per cent of Saputo Inc., making Jolina the principal shareholder. In 1954, his son Lino convinced him to start a business. In the midst of all that he also became the first Canadian space tourist and created the One Drop Foundation to help ensure access to clean water around the world. Named for the Olympic Stadium complexes built for the 1976 games, the Olympic Park and the surrounding neighborhood of Hochelaga-Maisonneuve (HoMa) make up an invigorated area dedicated to "Space for Life." Around the Olympic Village's arenas and stadiums, Rue Sherbrooke welcomes . First and foremost, its through the due diligence process that we recognize how important it is to integrate effectively. [15], On February 3, 2015, Canada Bread Company Limited completed a C$120million acquisition of Saputo Bakery, a division of Saputo Inc.[16] Canada Bread Company Limited is a subsidiary of Mexico's Grupo Bimbo. He went from being a pharmacist to being one of the richest pharmacists in the world. He is one of the lesser-known founders of Laval-based convenience store chain, When you look at the stories of some of the richest people in the world, you learn that it doesnt take a lot of money to start a billion-dollar business. [3] A spokesperson said that "was justified for business reasons and not for fiscal considerations". With the addition of newspapers, magazines and television channels, he expanded into the rest of Canada and the US. Up until 2019, Paul Jr. and Andr remained in charge of Power Corporation. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. In the United States, a familiar aphorism Shirtsleeves to shirtsleeves in three generations describes the propensity of family-owned enterprises to fail by the time the founders grandchildren have taken charge, wrote George Stalk Jr. and Henry Foley in the Harvard Business Review in 2012. He went on to expand his media and printing empire in Quebec. These days, the company is known more for its investing prowess as a private equity firm. They later went on to purchase the Montreal Canadiens hockey team as well as the Montreal Forum. Bouchard started working at a franchise of Quebecs Perrette convenience stores where his brother was the manager. Azrieli has graced some of the biggest opera states in the world and performed in classics like Romeo and Juliet as well as Don Pasquale. Dollarama, which went public in 2009 under the ticker DOL, now have a market capitalization of more than $17 billion dollars. + The Ultimate Guide to Life Insurance Medical Exams. extended shelf-life milk and cream products, cultured products and now with operations in the United States, Argentina and Australia. In 2001, Lino Saputo resumed direct leadership over the company when Lisio resigned. According to a 2019 profile in the Globe and Mail, he has a constantly revolving collection of luxury cars, with a particular affinity for 1980s-era Porsches. We still work to uphold the Italian tradition of cheesemaking for modern . At Saputo, our best comes from our people. That wealth has everything to do with his father, Pierre Pladeau Senior. Comments may take up to an hour for moderation before appearing on the site. equipment and a delivery bike to support his parents, who made cheese in a rented room in the Delca Cheese factory on Rue de Rouen. He has become a major player on the poker circuit and has also purchased his own island in French Polynesia. The 2000s took the company into the US market with the acquisition of Circle-K convenience stores. The club was granted a franchise in the American Professional Soccer League (APSL), which was considered the highest level of professional soccer in North America at the time. We're a talented and caring team with a longstanding history of excellence. If you are a Home delivery print subscriber, unlimited online access is. Lino Saputo through the years | Montreal Gazette Local Business Business Lino Saputo through the years View All 15 Photos 1 of 15 A selection of photos of Saputo Inc. chairman and founder. Win an Apple 11-inch iPad Pro, an Apple Smart Keyboard folio, and an Apple Pencil (2nd generation)! Businessman Lino Saputo turned his family's humble cheesemaking business into a multibillion-dollar global dairy empire. Giuseppe (Joseph) Saputo was born in 1905 in Montelepre, a town some thirty kilometers from Castellemmarre del Golfo, birthplace of Joe Bonanno. Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. In 1985 Joey Saputo began working for the family business, Saputo Incorporated., a dairy processing company founded by his father Lino Saputo in 1954. However, it is his son, Larry Rossy, who came up with the concept of the cheap dollar store after he took over from his father. In the early 1950s, members of the Saputo family, led by Giuseppe, a cheesemaker, immigrated to Canada from the Italian village of Montelepre. The Montreal-based dairy processor, behind popular products like Armstrong cheese, Scotsburn ice cream and Baxter, Neilson and Dairyland milk brands, said revenue was $4.6 billion, up 17.6 per . transition whereby one of his sons, Lino Saputo Jr., assumed the position. Early Life and Establishment of Saputo Inc. Nonetheless, the rumours may have been a factor in the Ontario Milk Commissions Although youre well supported with people around you, at the end of the day, youre responsible for the success and the failure of the organization.. The landscape in Major League Soccer is changing. [17] In November 2017, According to the reports, Saputo acquired Betin Inc. a Belmont specialty cheese maker with a facility that employs 319 workers. In 1954, with only $500 for equipment and a bicycle for deliveries, the Saputo family founded their very own company bearing their name. Saputo invested $40 million to get Montreal into MLS. Today, it's one of the world's top dairy brands. Saputo closed two of its Canadian plants in 2016one in Sydney, N.S., the other in Princeville, Que.a third, in Ottawa, is set to be shut down at the end of 2017. Giuseppe Saputo, a cheesemaker, immigrated with his family to Montreal in the 1950s from Italy. Saputo Jr., now in his mid-50s, has been with the family-controlled company for 33 years, including nearly two decades as chief executive. Two years later, Lino came to join Giuseppe and Frank with his mother, Maria, and five other siblings. Among the top 10 dairy producers in the world, the $16-billion multinational Saputo sells its milk, cheese, yogurt and other goods under dozens of different brand names around the globe. Serge Godin started his information technology business out of the basement of his parents home in Montreal. Saputo is one of the top 10 dairy processors in the world, with products sold in over 60 countries. Here are 5 Billionaires You Can Learn a Lesson From, The Richest Canadians Living in Europe: Their Net Worth and How They Made Their Money, The 12 Richest People in British Columbia: Their Net Worth and How They Made Their Money, Compare Canadian Cryptocurrency Exchanges, 3X points on qualifying dining and delivery purchases, 2X points on eligible travel purchases. Its stock soared for most of last year, climbing more than 50% and taking the family fortune to new heights. Lino Saputo Sr. remained as chair of the board until 2017, when he was again followed by his son. Jr., and an Apple Smart Keyboard folio, and an Apple 11-inch iPad,... Business into a multibillion-dollar global dairy empire transition whereby one of the richest pharmacists the! The richest pharmacists in the Montreal Forum uphold the Italian tradition of cheesemaking for modern 1980s!, Argentina and Australia on a Mortgage a Good Idea convinced him to start a business shelf-life and... 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