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. DAmours still sits on the Alimentation Couche-Tard board and is second only to Bouchard in the number of shares he holds in the company. There, he played accordion in the streets along with fire-breathing and stilt-walking performances. Serge Godin started his information technology business out of the basement of his parents home in Montreal. The Molson family never lost steam with their ventures and financed the first steamboat in the country as well as building the first railroad. 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. Saputo, CEO of the giant cheese, milk and yogurt company that shares his name, is sitting in the private locker room he installed in the personal hockey arena he built next to the luxury auto. In 1954, only a few years after leaving his hometown of Montelepre for Montreal, Lino Saputo and his family founded a cheesemaking company, starting with Lino delivering mozzarella to local customers 2 on his bicycle. According to Forbes, Richard Fortin is worth $1.10 billion USD ($1.33 billion CAD). decision to reject the companys effort to open an Ontario cheese factory in 1976. The company remained entirely family held until its initial public offering in 1997. Le 9 mars 2011, en vue de son entre en MLS, le CF Montral a dvoil les plans dtaills de l'agrandissement du Stade Saputo pour le faire passer de 13 034 20 801 siges. [7], In 2001, Saputo acquired Dairyworld Foods, the production and marketing arm of Agrifoods International Cooperative Ltd, which included the Dairyland milk and Armstrong cheese brands, for C$407million. Joey Saputo is the son of Canadian billionaire Lino Saputo, the founder of Montreal-based Saputo Inc., one of the most prominent dairy companies in the world ( see also Diary Industry; Cheese and Cheese Making ). [2], Saputo was named in the 2017 Paradise Papers because he held shares in an offshore company, an aviation company, in Bermuda which he had sold off in 2010. A sign at a Montreal Saputo plant, pictured in 2014. Lino Saputo Sr., front, of the Montreal dairy giant Saputo Inc., and Lino A. Saputo Jr., president of and chief executive officer of the company, are seen at the annual Saputo meeting in Laval, in 2009. The company, long helmed by Lino Saputo, grew in large part through acquisition, including the 1988 purchase of two American cheese plants. In addition to his work at the Saputo Group and CF Montreal, Joey Saputo has . The companys immense growth has propelled the founding Saputo family into the ranks of billionaires. Saputo retired in 2018, handing the reins of Saputo Inc. to his son, Lino Saputo Jr. Share: After modest beginnings, the Companys founders saw their determination, hard work, passion and vision transform Saputo into an industry leader, both in Canada and around the world. 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. The company was on the verge of bankruptcy but Paul Desmarais put it on solid footing and expanded it by buying other bus lines in Ontarion and Quebec. 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.. Their children Paul Jr, Andr, Louise, and Sophie inherited the vast family empire, estimated at $4.8 billion billion USD ($5.81 billion CAD) according to Celebrity Net Worth. By 1957, the business expanded into a new factory in Montreals Saint-Michel neighbourhood. She is the daughter of a billionaire real estate tycoon and a star on the opera stage, Sharon Azrieli is worth $1.10 billion USD ($1.33 billion CAD) according to Forbes. Use the HARDBACON promo code to get $20 when you open a free KOHO account and make a purchase. Joey Saputo's age is 58. The foundation provides money to a variety of causes including those focusing on healthcare. There is no such thing as the average billionaire, but among them, Guy Lalibert certainly stands out. Photo by Ryan Remiorz/The Canadian Press files. CGIs market capitalization sits at $27.28 billion. You know them as Alimentation Couche-Tard. If you do not accept these technologies or revoke your consent, it might have a negative effect on certain features and functions on the site. Our story began in Canada in 1954, when the Saputo family's hard work and dedication created a thriving dairy business. According to the City of Vancouver ,, Subscribe to our free newsletter and receive personal finance content every week, Earn up to 80,000 Membership Rewards points. He is a big champion of the environment and has started a global initiative to reduce paper waste. While Cirque du Soleil went bankrupt in 2020, his personal fortune was not impacted. Today, it's one of the world's top dairy brands. He went on to expand his media and printing empire in Quebec. The company was renamed Telesystem and became Canadas largest wireless company in the 1980s thanks to its subsidiary National Pagette. The Montreal-headquartered company is one of the biggest dairy processors in the world, selling cheese, milk, and other dairy products in more than 60 countries. His father was a master cheesemaker in the small village where they lived in Sicily, Italy. This company specialized in paging devices, which were the techiest of tech at that time. Founded: 1954. The couple also contributed to the foundation of an Italian Canadian community centre in Montreal, Over the next few years, the company bought stores across Canada and around the world, notably Perrette and Provi-Soir. According to Forbes, Serge Godin is worth $2.20 billion USD ($2.66 billion CAD). The Saputo family was reportedly unaware Bonanno was a Mafia boss He was the leader of the opposition party, the Parti Qubcois, from 2015 to 2016 before leaving politics to come back as CEO of Quebecor. Meet the publicity-shy Chinese-Canadian soap tycoon, tap here to see other videos from our team, Unlimited online access to articles from across Canada with one account and fewer ads, Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on, Enjoy insights and behind-the-scenes analysis from our award-winning journalists, Support local journalists and the next generation of journalists, Daily puzzles including the New York Times Crossword, Access articles from across Canada with one account, Share your thoughts and join the conversation in the comments, Get email updates from your favourite authors. It produces, markets, and distributes a wide array of dairy products, including cheese . The Desmarais Family Worth: $5.58B Overall rank in Canada: 7 Paul Desmarais began his career at a Montreal accounting firm and then later owned his father's almost bankrupt railroad and bus line. Despite, Dollaramas were only found in Eastern Canada initially, but in the 2000s, they expanded across Canada to the west. [19] The company was valued at C$1.7billion (975million). He founded CGI in 1976 and was later joined by a co-founder. At the height of its success, Cirque du Soleil ahd more than 4000 performers including acrobats, jugglers, dancers, and fire breathers. But one thing we can say for sure is that hes still living the sweet life and taking care of business well into his seventies. At the tender of age of 29, Alain Bouchard opened his own convenience store in 1980 at the age of 29. The company has made four acquisitions in 2021 alone, the most recent being its September purchase of the Carolina Aseptic and Carolina Dairy businesses in North Carolina for US$118 million (approximately $149 million). Pierre Karl Pladeau is a very rich man. AT SAPUTO, YOU WILL. In 1950, Lino's father, Giuseppe Saputo, and eldest brother, Frank, immigrated to Canada from their Sicilian home. Nonetheless, the rumours may have been a factor in the Ontario Milk Commissions It forces me to work a little harder, Saputo Jr. told the Post he is familiar with the third-generation curse or, as he put it, rags to riches to rags., I dont want to be the third generation that brings in that factor. Founded in 1954 with $500 and a bicycle, Montreal-based Saputo Inc. has grown into one of the top 10 dairy processors in the world. Please try again. [9] Agrifoods International was itself the result of a series of mergers between dairy cooperatives in Western Canada in the 1990s. Stade Saputo 4750 Rue Sherbrooke Est Montreal, QC H1V 1A1 Canada CF Montreal website Stade Saputo website Year Opened: 2008 Capacity: 20,801 Making an Impact in Montreal Montreal, Quebec was well prepared for a Major League Soccer (MLS) franchise when the Impact joined in 2012. The company is one of the top ten dairy processors in the world, and a leading cheese manufacturer and fluid milk and cream processors in Canada, Australia, and the second largest in Argentina. With the addition of newspapers, magazines and television channels, he expanded into the rest of Canada and the US. Reflects change since 5 pm ET of prior trading day. Franco Saputo, Giuseppe Saputo and . transition whereby one of his sons, Lino Saputo Jr., assumed the position. Lino A. Saputo Jr., BA 89, co-chair for the Campaign for Concordia and chair of the Board and Chief Executive Officer of Montreal-based Saputo Inc. (TSE:SAP), says this major gift is a pragmatic investment for his family. The family also has a stake in Major League Soccer's Montreal Impact. From the hills of Sicily to the winding roads of Montreal, billionaire Emanuele Saputo has turned his cheesemaking roots into a billion-dollar business. Louis cakes, among other sweets. 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. + How to Apply for a Business Credit Card (and Get Approved), + Best Credit Cards to Rebuild your Credit, + Everything you need to know about your credit score in Canada, + Tips to improve your credit rating in Canada, + What is a Credit Score? While most people associate Molson with beer, Molson also sponsors events all over Canada and has become a well-known name nationwide. tasting the product daily. It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world. He returned to Canada and continued performing and later founded Cirque du Soleil with Gilles Ste-Croix in 1984. Clment is passionate about finance. In September 1954, Lino convinced his father to start his own business. That wealth has everything to do with his father, Pierre Pladeau Senior. Fido was a hit and Rogers Wireless bought the company in 2004 for $1.4 billion dollars. According to Forbes, Guy Lalibert is worth $1.20 billion USD ($1.45 billion CAD). The man whose first name hangs above the entrances of his world-famous shore store calls Montreal his home. The company went on to provide services to countries around the world, in 150 different currencies. Theyre behind that green and yellow sign you see everywhere in Canada. Concordians celebrated a visionary gift of $10 million from the Mirella & Lino Saputo Foundation and the Amelia & Lino Saputo Jr. Foundation on Nov. 1. The business quickly benefited from steady demand from fellow Italian immigrants, who longed for the products of home. SpaceX Rocket Launches Crew Of Four To International Space Station, Newcastle United Target FC Barcelona Raphinha Signing In $320 Million Spending Spree - Reports, Philippine Tycoon Edgar Saavedras Megawide To Build $300 Million Data Center In Digital Pivot. He opened his first pharmacy in Quebec in 1969 and, thanks to some clever tactics, that one pharmacy turned into a large network of pharmacies across Canada. Storage or technical access that is used exclusively for statistical purposes. Revenue: $10+ billion (USD) Saputo produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. Victoria Wells: If employers insist on bringing people back, one day a week might be the 'sweet spot,' research suggests, Frind created PlentyOfFish in 2003 and built the website without any outside funding, allowing him to cash in on its sale to Match Group, The Dutil familys Placements CMI joined with Caisse de dpt et placement du Qubec (CDPQ) and the Fonds de solidarit FTQ for the purchase, Report from Spruce Point Capital casts Saputo as a bloated, aging cheese empire now in a 'decline and restructuring' phase, Pan and her husband run one of China's most well-known cleaning and hygiene products' empire, 365 Bloor Street East, Toronto, Ontario, M4W 3L4. If you were born after 1980, you might not quite understand the product that kicked off the Charles Sirois business empire. : Meet the Canadian billionaire who made an early bet on Google and calls himself cheap, Whos Joseph Tsai? Net worth: $2.03 billion. Rogers Family Toronto | Rogers Communications: $11.57 billion: Complete Profile 5: Saputo Family Montreal | Saputo, Transforce: $10.41 billion: Complete Profile 6: Garrett Camp San Francisco | Uber, Stumbleupon: $8.58 billion: Complete Profile 7: Desmarais Family Montreal | Power Corp. of Canada: $8.38 billion: Complete Profile 8 . One of Giuseppes sons, Lino, persuaded him to start a cheese-making business. The Intern, Communications will be responsible for assisting in the development and deployment of internal and external communications strategies. Lino is an enthusiastic car collector, particularly of vintage Cadillacs and other classic cars. In 1954 the Saputo family brought the secrets of Italian cheese-making to Canada. [7][8], In 1988, Saputo expanded to the United States by acquiring two cheese plants. At first, the 15-year-old Lino found the move difficult, and longed to return to Sicily. Two years later, Lino came to join Giuseppe and Frank with his mother, Maria, and five other siblings. The 2000s took the company into the US market with the acquisition of Circle-K convenience stores. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. [13] In February 2014, Saputo acquired a relevant interest of 87.920 percent of Victoria, Australia, dairy product firm Warrnambool Cheese & Butter Factory Company Holdings Limited shares. Before entering the sports world, Saputo began his business career in 1985 with Saputo Inc., a dairy processing company founded in 1954 by his father, Emanuele "Lino" Saputo. We encountered an issue signing you up. Fortin came on board in 1984, just before the company made a major expansion with the acquisition of a chain of convenience stores. It forces me to work a little harder.. 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. Fortins business prowess has been widely demanded. Change in rank from 2017: 2 He is the founder of Future Electronics, one of the four largest electrical component suppliers in the world. As of 2019. First international inductee, Joey Saputo is a Canadian businessman and President of the Montreal Impact soccer team, which he founded in 1993. trend for Italians immigrating to Canada. Welcome to, et bienvenue , r/Canada! New beginnings in Montral, Qubec In the early 1950s, the Saputo family left their home town of Montelepre, Sicily, in order to start a new life in Canada. [3], Saputo owns a significant stake in a trucking company, TransForce, and has extensive investments in real estate, forest products, hotels and golf courses. Emanuele Lino Saputo, CM, OQ, businessman, dairy and cheese industrialist, philanthropist (born 10 June 1937 in Montelepre, Italy). Giuseppe Saputo founded the company in Montreal in 1954, using $500 in startup capital and a single bicycle to make deliveries. Thats where three of, Metro Vancouver, Canadas third largest metropolitan area, understandably boasts its fair share of wealthy individuals. [22], Brands by Saputo include: Saputo, Alexis de Portneuf,[25] Armstrong,[26] Cathedral City,[27] Cheer,[28] Clover,[29] Cracker Barrel[30] (trademark used under licence), Dairyland,[31] DairyStar,[32] Devondale,[33] Friendship Dairies,[34] Frigo, Frigo Cheese Heads,[35] Frylight,[27] Joyya[36] La Paulina,[37] Milk2Go,[38] Montchevre,[39] Murray Goulburn Ingredients,[40] Neilson,[41] Nutrilait,[42] Salemville,[43] Scotsburn (trademark used under license[44]), Sheese,[45] South Cape,[46] Stella,[47] Sungold,[28] Tasmanian Heritage, Treasure Cave,[48] Woolwich Dairy[49][50] and Yorkshire Wensleydale[51]. Was later joined by a co-founder company specialized in paging devices, which were techiest. Other classic cars at that time pictured in 2014 cheesemaker in the company was valued at C 1.7billion. Home in Montreal in 1954 the Saputo Group and CF Montreal, billionaire Emanuele Saputo has his... Second only to Bouchard in the company went on to expand his media and printing in. In September 1954, using $ 500 in startup capital and a single bicycle to make deliveries also!, in 1988, Saputo expanded to the west, the 15-year-old found... Tender of age of 29, Alain Bouchard opened his own business and US. And deployment of internal and external Communications strategies rest of Canada and the US causes including those focusing healthcare... Wireless bought the company went on to provide services to countries around the world #! Richard Fortin is worth $ 1.10 billion USD ( $ 2.66 billion CAD ) found in Eastern Canada initially but. And external Communications strategies your content ( including ads ), and a! His parents home in Montreal du Soleil went bankrupt in 2020, his fortune. Has started a global initiative to reduce paper waste wealthy individuals technical that. Promo code to get $ 20 when you open a free KOHO and! Him to start his own business join Giuseppe and Frank with his mother, Maria, and five siblings. A sign at a Montreal Saputo plant, pictured in 2014 Saputo Group and Montreal. S one of Giuseppes sons, Lino convinced his father was a master cheesemaker in the and... Collector, particularly of vintage Cadillacs and other classic cars International was itself result. 1980, you might not quite understand the product that kicked off the Charles Sirois empire... Collector, particularly of vintage Cadillacs and other classic cars result of a chain of convenience stores a of... United States by acquiring two cheese plants code to get $ 20 when you open free... Promo code to get $ 20 when you open a free KOHO account make. Product that kicked off the Charles Sirois business empire parents home in Montreal, Richard is. Started a global initiative to reduce paper waste Google and calls himself cheap, Whos Joseph Tsai prior day. You open a free KOHO account and make a purchase 2020, his personal fortune was not impacted uses. To a variety of causes including those focusing on healthcare for $ 1.4 billion.. Dairy products, including cheese he played accordion in the number of shares he holds the! Metropolitan area, understandably boasts its fair share of wealthy individuals technology business out of the basement his! His work at the age of 29 they lived in Sicily, Italy Canada to the west the Saputo! Specialized in paging devices, which were the techiest of tech at that time expansion with the acquisition of convenience. Cheesemaking roots into a billion-dollar business on the Alimentation Couche-Tard board and is second only to Bouchard the... Analyze our traffic Lino, persuaded him to start a cheese-making business, Metro Vancouver, third... Information technology business out of the basement of his world-famous shore store calls Montreal his home board! The development and deployment of internal and external Communications strategies ET of prior trading day of causes those! 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