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Saputo divests majority stake in Argentina operations

February 2026

Client(s) Saputo Inc.

Jones Day is advising Saputo Inc. (TSX: SAP) in the $630 million sale of a majority interest in its Argentina dairy division to Gloria Foods S.A., a Peruvian food conglomerate.

Saputo’s Argentina dairy division includes Molfino Hermanos S.A., an Argentine dairy company, Molti S.R.L., an Argentine holding company, and Saputo Representação Comércial de Produtos Lácteos Brasil Ltda., a Brazilian commercial representation company. Saputo will retain 20% ownership in the Argentina dairy division. The closing of the transaction is subject to customary conditions.

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