Canada's Major Dairy Brand Eyes Plant-Based Industry

Dairy processor Saputo's CEO is actively looking for plant-based partners to expand into the lucrative dairy-free industry.

During a recent interview with local media outlet BNN, Lino Saputo, Jr.—CEO of Canada’s largest dairy processor—revealed that he is becoming increasingly aware of the opportunities presented by diversifying the company’s portfolio to include plant-based brands. “If there would be a great opportunity for us to make an acquisition in that space,” Saputo said, "that could be something that could interest us quite a bit.” Currently, demand for dairy in North America is diminishing, while the plant-based milk industry continues to grow and is currently valued at $1.5 billion in Canada alone. “We’re very mindful of it,” Saputo said, after revealing that the dairy company is readying to make two deals in the plant-based space by the end of its fiscal year. International dairy companies are taking notice of the growth opportunity in the plant-based industry—as evidenced by France-based dairy giant Danone’s recent $12.5 billion acquisition of WhiteWave Foods, the parent company of dairy-free brands Silk, So Delicious, and Vega.

More News

Leonardo DiCaprio Invests in Vegan Brand Beyond Meat

The mega-celebrity puts his money where his mouth is in an effort to advance the future of plant-based meat.
Read More »

Boston Celtics' Kyrie Irving Adopts Plant-Based Diet

The professional basketball player reveals he is moving away from animal products this season to fuel his performance.
Read More »

Lack of Vegan Menus Top Complaint at UK Hotels

Independent hotel review company The Good Hotel Guide found that lack of vegan options is a top gripe among hotel guests.
Read More »

Vegan Makeup Brand for POC Raises $1 Million

Mented founders Amanda Johnson and KJ Miller became the 15th and 16th African-American women to raise that much in capital funding.
Read More »

Natalie Portman Urges Award Show Attendees to Go Vegan

The vegan actress delivered a moving award-acceptance speech urging everyone to consider a plant-based diet.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »