France’s dairy giant Lactalis has agreed to acquire Saputo’s British dairy business for £988 million ($1.34 billion), marking another major consolidation move in the global dairy industry. The transaction strengthens Lactalis’ position in the UK market and adds to its broader international expansion strategy.
The deal, announced on 14 August 2026, involves Canadian dairy company Saputo’s UK operations. The transaction values the business at £988 million, equivalent to approximately $1.34 billion, based on the exchange rates cited by Reuters.
For Lactalis, the acquisition expands its footprint in the UK dairy market, while for Saputo, the transaction represents a divestment of its British dairy operations. Saputo’s UK business manufactures branded cheese and dairy spreads, alongside other dairy products.
The transaction also reflects the continuing global consolidation of the dairy sector, as major players strengthen their geographic reach and product portfolios through acquisitions. Lactalis has pursued international expansion in recent years, including its previously announced agreement to acquire Fonterra’s global consumer businesses. (Reuters)
Source: Dairynews7x7 15 Aug, 2026 Read full story here
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