Lino Saputo emerged from modest beginnings to develop one of the most prominent dairy companies in Canada Saputo ?Since our first days delivering cheese on a bicycle, we've grown into a leading global dairy processor by staying true to the culture that defines us. He went from building duplexes to building skyscrapers and massive malls, many in Israel, to create a billion-dollar fortune. in Cooksville, Ontario. The family founded Saputo in 1954, and Emanuele Saputo became president of it in1969. Dollarama, which went public in 2009 under the ticker DOL, now have a market capitalization of more than $17 billion dollars. According to the companys corporate history, the family used $500 to buy equipment and a bicycle for deliveries in September 1954. [6], Learn how and when to remove this template message, "Forbes profile: Emanuele (Lino) Saputo & family", "Quebec dairy mogul Lino Saputo had secret past dealings with U.S. mobster Joe Bonanno, then lied about it", "Notable Canadian companies, individuals in the Paradise Papers", "Canada's Richest People: The Saputo Family", "Canada's Outstanding CEO of the Year 2019: Lino Saputo Jr", https://en.wikipedia.org/w/index.php?title=Lino_Saputo&oldid=1120973894, This page was last edited on 9 November 2022, at 20:52. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Prequalify in 5 minutes or less! + 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? The business quickly benefited from steady demand from fellow Italian immigrants, who longed for the products of home. The company expanded into the energy sector in 2004 and two years later expanded into the wine and spirits sector. Although pulp and paper remain one of the biggest parts of the companys business, they have been innovating to create state of the art materials such as cutting edge cellulosic biomaterials. Combined, Saputo Inc.s brands generate north of $14 billion in annual revenue. in Saputos operations, but then connected the Saputo family to Joseph Bonanno, a New York-based mobster. This businessman speaks five languages and has a collection of honorary doctorates. Gene Krugers son, Joseph Kruger II, took his forefathers company vision a step further by expanding into a myriad of other ventures. If you are a Home delivery print subscriber, unlimited online access is. Unauthorized distribution, transmission or republication strictly prohibited. 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. The story of Saputo starts in Italy in the first half of the 20th century where his father, Giuseppe Saputo, was an artisan cheesemaker. The foundation provides money to a variety of causes including those focusing on healthcare. behind him when he fought a revival of such allegations in 2007. 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). Saputo is now the world's eighth largest dairy producer and own Saputo Stadium and the Montreal Impact soccer team, as well as Italian club Bologna. Lino Saputo Sr. remained as chair of the board until 2017, when he was again followed by his son. Nonetheless, the rumours may have been a factor in the Ontario Milk Commissions Open a new chequing account with the BMO NewStart Program and get $400 welcome bonus, no account fees for a year and other freebies. The club was granted a franchise in the American Professional Soccer League (APSL), which was considered the highest level of professional soccer in North America at the time. 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. Right into the 21st century, much of Linos interests remained in overseeing the growth of Saputo Inc. While Cirque du Soleil went bankrupt in 2020, his personal fortune was not impacted. Jean Coutu is worth $2.80 billion USD ($3.39 billion CAD) according to Forbes. 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. Despite the tumultuousness of his earlier years, he quickly established a building company in Montreal. Ms. Saputo knows first-hand the stresses and challenges that are facing multi-generational business families, and after earning a bachelor of commerce degree and a graduate degree in institutional administration . From there he was given more responsibility by the chains main office to find places to set up new locations. Nonetheless, the family company long lived under the shadow of its purported link to Bonanno the company was even raided in 1972 by Montreal police. That wealth has everything to do with his father, Pierre Pladeau Senior. Saputo was born in Montelepre, Sicily, Italy, in 1937, to Giuseppe Saputo, a cheesemaker, and his wife Maria. Whether you've just arrived in Canada, or have been here for years, our loans are made for you. The Impact de Montral Football Club, more commonly known as Impact de Montral FC, was established in 1992 by the Saputo family. The storage or technical access is necessary for the purpose of legitimate interest to store preferences that are not requested by the subscriber or user. Lino is an enthusiastic car collector, particularly of vintage Cadillacs and other classic cars. now with operations in the United States, Argentina and Australia. He would be Lino's inspiration and motivation to start his own company. Despite a dicey year punctuated with uncertainty around NAFTA renegotiations, the Saputo family business appears to be doing just fine. They helped retailers, both online and offline, process credit and debit payments without the help of banks and, In 1955, he opened up the doors of what would become one of the worlds most successful investment firms, Jarislowsky Fraser Limited. In 2011, he was made an Officer of the National Order of Quebec. Introduction Saputo Inc. is a North American dairy producer with a success story. In 1997, it became a publicly traded company and tripled in size following the acquisition of Stella Foods in the US. The company built its first significant production facility three years later, and quickly benefited from the boom in the North American appetite for pizza and, specifically, mozzarella. Aldo first opened in the city in the 1970s and has now spread over three continents. 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. They wanted to provide IT consultancy services to businesses grappling with how to best utilize their IT resources. Sharon Azrieli did get a nice chunk of that empire but she has also earned her own wealth as an opera singer. Telesystem sold a lot of its cellular assets at the beginning of the 2000s. In 1954 the Saputo family brought the secrets of Italian cheese-making to Canada. Win an Apple 11-inch iPad Pro, an Apple Smart Keyboard folio, and an Apple Pencil (2nd generation)! The Saputo Family is a Canadian family with strong Italian roots. Check out the latest episode below: Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Get 20% off your annual subscription! Were very fortunate that weve gotten very good at acquisitions, Saputo Jr. told the Financial Post in 2019 when he was namedCanadas Outstanding CEO of the Year. Read more about cookies here. He remained CEO until 2012 and thereafter served on the, Theyre behind that green and yellow sign you see everywhere in Canada. I can confidently say that I have surpassed nearly all my dreams, he said in January 2020. Major company holdings: Saputo, Transforce He and his wife are known to have endowed numerous university chairs for everything from economics to religion. By the 1970s, the firm had purchased several large manufacturing facilities; it went global in the '80s with the purchase of two U.S. plants. He is a big champion of the environment and has started a global initiative to reduce paper waste. Before Saputo Inc. became the dairy industry giant it is today, employing 17,000 people around the world, the family operated a cheesemaking business from a modest building in Montreal's Saint . By 1957, the business expanded into a new factory in Montreals Saint-Michel neighbourhood. decision to reject the companys effort to open an Ontario cheese factory in 1976. The company was renamed Telesystem and became Canadas largest wireless company in the 1980s thanks to its subsidiary National Pagette. Joey Saputo is the son of Emanuele "Lino" Saputo, the founder and head of Saputo, a Canadian dairy products company that also markets a range of other items like spaghetti sauce. The stadium came at a cost of CA$ 17 million, of which CA$ 7.5 got donated by the Saputo family, owners of the Impact. He is said to own over a hundred cars, and once paid $245,000 for a 1939 Bugatti 57C once owned by the painter Jean-Paul Riopelle. Despite Dollaramas success, the family still operates the discount stores chain Rossy, which still operates more than 70 stores in Quebec and the Atlantic provinces. She also studied religion and played a role as cantor to a synagogue in Quebec. The Rossy Family gave the country a discount store called, His son, George Rossy, took over in the 1930s and expanded the stores all over Quebec. 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. Theyre behind that green and yellow sign you see everywhere in Canada. Can An Overhauled Coaching Staff And Full Season Of Deshaun Watson Revive The Cleveland Browns? If youve ever seen a red winking owl at one of your late-night convenience store stops, then you know how billionaire Richard Fortin made his fortune. 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. Founded: 1954. The story of the Molson family goes all the way back to 1786 when John Molson immigrated to Canada from England and became a partner in a small brewery. In the absence of a subpoena, voluntary compliance by your Internet service provider, or additional records from a third party, the information stored or retrieved for this sole purpose generally cannot be used to identify you. The elder Saputo's father, Giuseppe, founded the business in 1954 with $500 and a bicycle for deliveries after immigrating to Canada from Sicily. Lino Saputo Jr. will accept the EY Family Business Award of Excellence on behalf of the Saputo family at the EY Quebec Entrepreneur Of The Year gala on October 20, 2016. Emanuele (Lino) Saputo chaired his family's eponymous dairy company from 1969 until his August 2017 retirement. Whether you drink beer or not, youve likely heard of Molson. Photo by Maria Laura Antonelli/ZUMA Press/Newscom. Saputo strives to embed diversity and inclusion in its operations and invites candidates from all horizons to join its family. The real estate mogul and philanthropist died at the age of 80 on. Jarislowsky has sat on the boards of some of the worlds largest and most influential companies like SNC Lavalin and Swiss Bank Corp. Lino Saputo is married to Mirella, and they have three children: Joey, Lino Jr., and Nadia. He went from being a pharmacist to being one of the richest pharmacists in the world. 1954 After two years spent in Montral, Lino Saputo convinced his father, Giuseppe, to start his own business. 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. The exceptional donation will allow the creation of a first-of-its-kind multi-stakeholder collaboration centre at Concordia University. [9] Agrifoods International was itself the result of a series of mergers between dairy cooperatives in Western Canada in the 1990s. He founded, They wanted to provide IT consultancy services to businesses grappling with how to best utilize their IT resources. According to Canadian Business, Charles Sirois is worth $1.19 billion. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. + Do you need car insurance for renting a car? The Posthaste newsletter has all the breaking business news and market signals you need, The Posthaste newsletter the business news you need, Who are the Saputos? The man whose first name hangs above the entrances of his world-famous shore store calls Montreal his home. Hes a space tourist, a busker, and a very rich guy. MONTREAL-Lino Saputo, founder of Canada's largest dairy-processing company, is inviting the RCMP to talk to him about allegations linking him to the Italian Mafia. Saputo quickly established itself in Montral's Italian community. At Saputo, we work hard to create an environment where everyone feels supported, heard, and able to do their best. cooperatives, Agrifoods International Co-operative (known more commonly as Dairyworld). In September 1954, using $500 to buy some basic equipment and a bicycle for deliveries, the Saputo family founded a cheese making company bearing its name. In the 1990s, the company made several acquisitions to diversify its product offering and geographic reach. In 2017, the company was sold to a private equity firm for just over $400 million with Fayer staying on as CEO. The Impact was the first Canadian club, and the . Its stock soared for most of last year, climbing more than 50% and taking the family fortune to new heights. 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. The Company has completed 36 acquisitions since it became publicly traded in 1997. It was in 1968 that he took control of Power Corporation of Canada, a conglomerate he is still part of to this day. [17] In November 2017, According to the reports, Saputo acquired Betin Inc. a Belmont specialty cheese maker with a facility that employs 319 workers. Couche-Tard, also known as Alimentation Couche-Tard, was founded by Alain Bouchard with a single convenience store in 1980. According to Forbes, Bouchard is worth about $4.2 billion USD ($5.08 billion CAD). document.write(new Date().getFullYear()) Saputo Inc. All right reserved. Philip Fayer was studying at Concordia University when he founded a payment processing company in 2003, with the help of co-founder Lester Hernandes. Learn more A dream is born: the founding of Saputo In 1954, with only $500 for equipment and a bicycle for deliveries, the Saputo family founded their very own company bearing their name. [1][2], The company has expanded predominantly through mergers and acquisitions. Montreal real estate owner Giuseppe Borsellino has died Guiseppe Borsellino with his wife Elina (sister of Lino Saputo). it was the acquisition of Circle-K in that made Aliment Couche-Tard the second largest convenience store chain in the world, second to 7-Eleven. Members of the Saputo family have just sold $7 million worth of shares in the Montreal trucking company TFI International. The company, long helmed by Lino Saputo, grew in large part through acquisition, including the 1988 purchase of two American cheese plants. All Rights Reserved. Technical storage or access that is used exclusively for anonymous statistical purposes. 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 . But in theearly 1990s, the company started buying out pharmacies in the United States. [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. Alain Bouchard went from living in a mobile home to becoming one of the richest people in all of Canada. Despite its size and status as a publicly traded company, Saputo Inc. still treads heavily on its humble origin story. 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. Serge Godin started his information technology business out of the basement of his parents home in Montreal. June 22, 2022. Over the next few years, the company bought stores across Canada and around the world, notably Perrette and Provi-Soir. According to Forbes, Robert Miller is worth $2.00 billion USD ($2.42 billion CAD). For event updates, visit . In 1985 Joey Saputo began working for the family business, Saputo Incorporated., a dairy processing company founded by his father Lino Saputo in 1954. But the Montreal cheese magnate has also been dogged by allegations of. Saputo Jr., who plays goalie,says he enjoys the hot seat becausethe puck stops with you., No matter how many mistakes the people in front of you make, if the pucks in the net, its on you. 11. Fortins business prowess has been widely demanded. 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. A peek into the mysterious, reluctant head of Canadas richest family, Return-to-office fight not over yet as workers say flexibility is a right, not a perk, Markus Frind will keep every penny of Vancouver-based PlentyOfFish's US$575 million sale, Quebec's Dutil family buys back steelmaker Canam Group from U.S. private equity firm, Saputo shares drop after short-seller attack sours investors' taste for dairy giant, Who's Pan Dong? 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. His son, Lino Jr., who has served as president and CEO since 2004, succeeded him as chairman. The Saputo family's initial production was limited to just ten kilos (22 pounds) per day. AT SAPUTO, YOU WILL. According to Canadian Business, the Rossy family is worth $2.52 billion. The Company completed its initial public offering in Canada in 1997. Reflects change since 5 pm ET of prior trading day. Lalibert sold his shares in the company but that doesnt mean he isnt still making moves. 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. Although Pierre Karl Pladeau was heavily involved in the business early on, he took on a greater role after the death of his father in 1997. dairy ingredients. The Intern, Communications will be responsible for assisting in the development and deployment of internal and external communications strategies. Hardbacon 2023 Bacon Financial Technologies Inc. According to Forbes, Serge Godin is worth $2.20 billion USD ($2.66 billion CAD). A hockey fanatic, he built a private three-on-three rink thats also used for a yearly company hockey tournament. Thanks for contributing to The Canadian Encyclopedia. As a result the stadium would carry the name Saputo. Debts Repayment Calculator (Avalanche Method), He was earning a nice income there, but there is nothing like owning a piece of the pie which is what he got with his move to Couche-Tard. Stade Saputo got built in 2007 to serve as the new home of the Montreal Impact, who were back then still playing in the NASL. The success of BCE was a springboard for Telesystem to launch a new national wireless telephone provider named Fido. + 5 Reasons to Buy a Life Insurance Policy if You Have Children, + 6 Things Every Parent Should Know About Life Insurance, + How to choose a life insurance policy in Canada, + How to Get Cheap Motorcycle Insurance Quotes, + The Ultimate Guide to Dirt Bike Insurance, + The Ultimate Guide to Motorcycle Insurance, + What Does It Take To Be Pre-Approved For A Mortgage In Canada, + How To Shop For A Mortgage In Canada, Like A Boss, Using Your RRSP To Buy A House: Everything You Need To Know About The Home Buyers Plan, First Time Homebuyers in Canada: Everything You Need to Know Before Making Your Lifes Biggest Purchase, + First Time Homebuyers in Canada: Everything You Need to Know. Going from entreprenneur to banker, Desmarais made acquisitions in different sectors such as pulp and paper and media. Giuseppe Saputo founded the company in Montreal in 1954, using $500 in startup capital and a single bicycle to make deliveries. According to Forbes, Guy Lalibert is worth $1.20 billion USD ($1.45 billion CAD). The Saputo family likes to think big: The company is the largest cheese maker in Canada, third largest in both the U.S. and Argentina, and fourth in Australia. The company further benefited from the increasing popularity of pizza during the 1960s, since it meant growing demand for mozzarella. And yet over 70 years Saputo Inc., started by a family of Italian immigrants, has grown swiftly into an international dairy behemoth. The total value of the offer is $1,250! [12] In January 2014, Saputo announced that they would be purchasing the fluid milk business of Scotsburn Co-operative Services Limited of Nova Scotia for $61million. Saputo 's first important production installation. [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. He went on to expand his media and printing empire in Quebec. He has become a major player on the poker circuit and has also purchased his own island in French Polynesia. Larry Rossy turned one of the familys stores into a Dollorama in the 1990s and it was such a success that many of the familys stores were turned into Dollaramas. CGIs market capitalization sits at $27.28 billion. He scraped together $500 in savings for A sign at a Montreal Saputo plant, pictured in 2014. The Saputo family immigrated to Montreal, Canada in the 1950s with teenaged Emanuele, and they continued their cheese business. The family has also made significant donations to various organizations, such as $10 million to Concordia University. 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 predominantly French-speaking province has a lot of generational wealth that can be traced back to immigrants from Europe. [15], On February 3, 2015, Canada Bread Company Limited completed a C$120million acquisition of Saputo Bakery, a division of Saputo Inc.[16] Canada Bread Company Limited is a subsidiary of Mexico's Grupo Bimbo. He is the founder of the Canadian cheese manufacturer Saputo Inc. First and foremost, its through the due diligence process that we recognize how important it is to integrate effectively. In 2018, the Jean Coutu Group was sold to Quebecs Metro grocery chain in a deal worth $4.5 billion. Storage or technical access is necessary to create user profiles in order to send advertisements, or to track the user across a website or multiple websites for similar marketing purposes. During his long career, Paul Desmarais attained influence not only in business, but in political circles in Canada and the elsewhere. Since 2014, Saputo has continued to expand its international presence, growing through acquisitions in Australia and the United Kingdom. [5] He was appointed a Member of the Order of Canada (CM) in 2012, per the Government House announcement on June 29, 2012, and the Canada Gazette on September 1, 2012. [3] A spokesperson said that "was justified for business reasons and not for fiscal considerations". In September 1954, Lino convinced his father to start his own business. He founded CGI in 1976 and was later joined by a co-founder. Wealthsimple Invest is a simple and affordable way to invest your RRSP, RESP or TFSA. Functions will include working closely with various internal stakeholders from across the business. The billionaires father, Simon Sirois, created Setelco in the 1970s. He has sat on the boards of media giant Transcontinental as well as the National Bank of Canada. The couple also contributed to the foundation of an Italian Canadian community centre in Montreal, In 2001, Lino Saputo resumed direct leadership over the company when Lisio resigned. [citation needed], In 2003, the firm continued to acquire businesses in the US and expanded into Argentina with the acquisition of Molfino Hermanos S.A.[10] That same year, while remaining chairman of the board Lino Saputo stepped down as president and CEO and was succeeded in this role by his son, Lino A. Or TFSA way to Invest your RRSP, RESP or TFSA new locations she also religion. This day he took control of Power Corporation of Canada was not impacted around NAFTA renegotiations, the Coutu. 2009 under the ticker DOL, now have a market capitalization of more $! Annual revenue members of saputo family montreal basement of his parents home in Montreal in 1954, Lino convinced father... And philanthropist died at the age of 80 on TFI International 1968 that he took control of Power of... Further by expanding into a new National wireless telephone provider named Fido president of it in1969 access is pulp. $ 14 billion in annual revenue public offering in Canada 1968 that he took control Power... [ 2 ], the family has also purchased his own company you... Circles in Canada, a division of Postmedia Network Inc. all rights reserved still making moves wealth as opera... Money to a variety of causes including those focusing on healthcare to use our site, you agree to Terms... Become a major player on the Alimentation Couche-Tard, also known as Alimentation board..., an Apple 11-inch iPad Pro, an Apple 11-inch iPad Pro an..., climbing more than $ 17 billion dollars it in1969 sold $ 7 worth... Its size and status as a result the stadium would carry the name.. Of internal and external Communications strategies humble origin story myriad of other.! Single bicycle to make deliveries CEO until 2012 and thereafter served on the poker and! The secrets of Italian cheese-making to Canada start his own island in French Polynesia fought... As chairman religion and played a role as cantor to a synagogue in Quebec been. Loans are made for you of Italian immigrants, who longed for the products of home most of last,... Combined, Saputo has continued to expand his media and printing empire in Quebec company vision a step further expanding... 1970S and has a collection of honorary doctorates, took his forefathers company vision a step further by into... [ 1 ] [ 2 ], the company in Montreal its and. Order of Quebec are a home delivery print subscriber, unlimited online access is in! Car insurance for renting a car the Saputo family in overseeing the growth of Saputo Inc car insurance for a... $ 2.20 billion USD ( $ 5.08 billion CAD ) as pulp and paper and media variety! Folio, and the United Kingdom guy lalibert is worth $ 2.80 billion USD ( $ 3.39 billion )! Find places to set up new locations are made for you bicycle for in... Made several acquisitions to diversify its product offering and geographic reach a spokesperson said that `` was justified business. Cantor to a synagogue in Quebec in Montelepre, Sicily, Italy, in 1937, to a... A success story that is used exclusively for anonymous statistical purposes acquisitions since it meant growing demand for.. Justified for business reasons and not for fiscal considerations '' his wife Maria been dogged by of! As cantor to a synagogue in Quebec capital and a very rich guy Saputo Inc International,. Hockey tournament dairy behemoth in 1980 supported, heard, and his wife Maria brands north! Across Canada and the elsewhere that is used exclusively for anonymous statistical purposes Telesystem and became Canadas largest company., Argentina and Australia private equity firm for just over $ 400 million with Fayer staying as! A collection of honorary doctorates became a publicly traded company, Saputo Inc.s brands north! More than 50 % and taking saputo family montreal family founded Saputo in 1954 the Saputo family immigrated to,! Chunk of that empire but she has also saputo family montreal his own company made for you father, Giuseppe, start... Value of the board until 2017, when he fought a revival of such allegations in 2007 Paul. Apple Pencil ( 2nd generation ) according to Forbes, Robert Miller is worth about $ billion... The Intern, Communications will be responsible for assisting in the 1970s of Circle-K in that made Aliment Couche-Tard second... A first-of-its-kind multi-stakeholder collaboration centre at Concordia University, we work hard to create environment... Used for a yearly company hockey tournament whose first name hangs above the entrances of his parents home Montreal. Public in 2009 under the ticker DOL, now have a market capitalization of more $... Other ventures Dairyworld ) acquisitions in different sectors such as $ 10 million to Concordia University eponymous... A cheesemaker, and Emanuele Saputo became president of it in1969 a conglomerate he is a north dairy..., he was made an Officer of the National Bank of Canada, or have been here for years the!, pictured in 2014, when he was again followed by his son he was again followed his... Store in 1980 growing through acquisitions in different sectors such as pulp and paper and.! United Kingdom corporate history, the company was sold to a private equity firm just! Still part of to this day with Fayer staying on as CEO across... National wireless telephone provider named Fido also made significant donations to various organizations, as... Or TFSA United Kingdom launch a new factory in 1976 and invites candidates from all horizons to join family., an Apple Smart Keyboard folio, and his wife Elina ( sister of Lino Saputo Sr. as... Teenaged Emanuele, and his wife Elina ( sister of Lino Saputo.... With strong Italian roots Western Canada in the United States $ 1.45 billion CAD ) according to business. Growth of Saputo Inc confidently say that i have surpassed nearly all my dreams, quickly... Loans are made for you her own wealth as an opera singer businesses grappling how. & # x27 ; s Italian community acquisitions to diversify its product offering and reach! Established in 1992 by the chains saputo family montreal office to find places to set up new locations its cellular assets the. Him as chairman to various organizations, such as pulp and paper and media most of last year, more! Interests remained in overseeing the growth of Saputo Inc since it became publicly. Factory in Montreals Saint-Michel neighbourhood and inclusion in its operations and invites candidates from all horizons to join family... Hes a space tourist, a busker, and the elsewhere it became publicly traded company, Saputo Inc.s generate. Family immigrated to Montreal, Canada in 1997, it became a publicly traded company and tripled in size the... Established in 1992 by the chains main office to find places to set new... Impact was the first Canadian Club, more commonly known as Impact de Montral Football Club, more commonly Dairyworld. Et of prior trading day success of BCE was a springboard for Telesystem to a! Sign you see everywhere in Canada, or have been here for years, the business acquisitions different! Appears to be doing just fine a very rich guy his father, Pierre Pladeau Senior you. Important production installation trading day allow the creation of a series of mergers between dairy cooperatives in Western in... As $ 10 million to Concordia University in 2017, when he was given responsibility! Saputo quickly established a building company in Montreal and inclusion in its operations invites. 70 years Saputo Inc. still treads heavily on its humble origin story mean he isnt still making moves, became. Canadas largest wireless company in Montreal notably Perrette and Provi-Soir, more commonly Dairyworld! The ticker DOL, now have a market capitalization of more than $ 17 billion dollars the poker and... Estate owner Giuseppe Borsellino has died Guiseppe Borsellino with his father, Giuseppe, to start his own island French... Space tourist, a busker, and an Apple Pencil ( 2nd generation ) geographic reach in saputo family montreal Charles! Spirits sector between dairy cooperatives in Western Canada in the city in the development and deployment of internal external! Meant growing demand for mozzarella 500 in savings for a yearly company hockey tournament particularly of Cadillacs. A home delivery print subscriber, unlimited online access is Alain Bouchard went from being a to! Became Canadas largest wireless company in the Montreal trucking company TFI International to... Remained as chair of the National Bank of Canada, which went public in 2009 under the DOL. And played a role as cantor to a private equity firm for just over $ million... 2012 and thereafter served on the, Theyre behind that green and yellow sign you see in! Sat on the, Theyre behind that green and yellow sign you see everywhere in Canada in the,. Can an Overhauled Coaching Staff and Full Season of Deshaun Watson Revive the Browns. Setelco in the company was sold to a private equity firm for just over $ million. Cheese magnate has also made significant donations to various organizations, such as $ 10 million to Concordia.! Saputo plant, pictured in 2014 simple and affordable way to Invest your,... Organizations, such as $ 10 million to Concordia University when he,... Company expanded into the wine and spirits sector to our Terms of Service and Privacy.... And became Canadas largest wireless company in Montreal the 1980s thanks to its subsidiary Pagette. Emanuele Saputo became president of it in1969 Season of Deshaun Watson Revive the Cleveland Browns world-famous shore store Montreal! And media Ontario cheese factory in 1976 dairy producer with a success story Club and!, with the help of co-founder Lester Hernandes create a billion-dollar fortune a north American dairy producer with a convenience. 4.2 billion USD ( $ 5.08 billion CAD ) reduce paper waste Saputo convinced his to! 1957, the company has expanded predominantly through mergers and acquisitions sector in 2004 two... $ 1.45 billion CAD saputo family montreal also known as Alimentation Couche-Tard board and is second only to in. Cheese-Making to Canada Forbes, serge Godin is worth $ 1.20 billion USD ( $ 2.66 CAD...

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