Agriculture Roundup for Monday April 3, 2023
Canadian dairy giant Saputo has signed a $95 million deal to sell two milk processing plants in Australia to supermarket giant Coles Group.
CEO Lino Saputo said the sale will help streamline its operations and allow it to reinvest in other areas of its business.
He added it’s an important step in executing the company’s long-term vision for success in Australia as it works to ensure it maximizes the return on every litre of milk.
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