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Saputo acquires ingredients company and Sheese cheese alternative maker

Saputo acquires ingredients company and Sheese cheese alternative maker
Saputo has taken over the Scottish Sheese cheese alternative maker. Pic: Bute Island Foods Ltd
Canadian dairy company Saputo Inc. has announced two acquisitions, one in the dairy alternatives space and the other in value-added ingredients, at a cost of around C$187m (US$154m).
The company has purchased established UK cheese alternative maker Bute Island Foods Ltd., which produces and distributes a variety of cheese alternative products for retail and foodservice market segments under the vegan Sheese brand, alongside private label brands.
The business employs approximately 180 people, including its founders. ....

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Saputo Buys Two Firms In Dairy Alternatives, Value-Added Ingredients Units For C$187 Mln In Total

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OTTAWA (dpa-AFX) - Saputo Inc. (SAP.TO), a producer of dairy products, announced Tuesday two strategic acquisitions in each of the dairy alternatives and value-added ingredients segments, representing a combined investment of around C$187 million.
In Dairy Alternative Cheese segment, the company completed the acquisition of Bute Island Foods Ltd., a manufacturer of a variety of dairy alternative cheese products under vegan Sheese brand, alongside private label brands. The business is located on the Isle of Bute, off the West Coast of Scotland, and employs around 180 people, including its founders.
Saputo also announced more than C$5 million over five years to support local Bute Island community initiatives. ....

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Vegan Cheese Market 2021 Breaking New Grounds and Touch New Level by 2026 | Key Players – Kite Hill; Nush Foods; Tesco.com; Follow Your Heart; Field Roast; Miyoko's; WayFare; Good Planet Foods – KSU

Vegan Cheese Market 2021 Breaking New Grounds and Touch New Level by 2026 | Key Players – Kite Hill; Nush Foods; Tesco.com; Follow Your Heart; Field Roast; Miyoko's; WayFare; Good Planet Foods – KSU
ksusentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ksusentinel.com Daily Mail and Mail on Sunday newspapers.

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Worldwide Vegan Cheese Industry to 2025 - Key Drivers and Restraints

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The global vegan cheese market is expected to grow at a CAGR of 8.91% over the forecast period to reach a total market size of US$4.578 billion by 2025, increasing from US$2.743 billion in 2019. Vegan cheese is often called plant-based cheese for consumers who are lactose intolerant and want to go animal-free. Growing health-consciousness among consumers, dietary restrictions, and popularity in veganism is supplementing the demand for vegan cheese products globally. Besides, growing consumer inclination toward veganism in various parts of the world is anticipated to boost the adoption of vegan cheese over the forecast period. However, the relatively high price of plant-based products compared to dairy is expected to retrain the growth of the market in the coming years. ....

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Global Vegan Cheese Market (2020 to 2025) – Players Include Angel Food, Miyoko's Creamery and Green Vie Foods – ResearchAndMarkets.com

Global Vegan Cheese Market (2020 to 2025) – Players Include Angel Food, Miyoko's Creamery and Green Vie Foods – ResearchAndMarkets.com
financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.

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