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French dairy giant Lactalis reached an ​agreement to buy Canadian rival ‌Saputo's unit in Britain in a deal valuing the ​business at 988 ​million pounds ($1.34 billion), the companies ⁠said on Friday.

Saputo TSE: SAP reported first-quarter fiscal 2027 earnings growth across all four operating sectors, supported by higher volumes in high-protein ingredients, commercial momentum and operational efficiencies from prior capital investments.

Saputo TSE: SAP reported higher fiscal 2026 earnings and outlined plans to prioritize value-added dairy categories, targeted investments and potentially accretive acquisitions as it enters fiscal 2027 with lower leverage and expanded financial flexibility.

MONTRÉAL, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Saputo Inc. (TSX: SAP) (Saputo or the Company) announces that the nominees listed in the management information circular dated June 4, 2026, were elected as directors of Saputo at the annual meeting of shareholders held on August 7, 2026.

Trump's latest trade offensive has placed North America's best-known manufacturers and consumer brands under scrutiny, with integrated US-Canadian supply chains facing a cost shock. The White House imposed additional 50% duties on specified Canadian imports under three proclamations responding to disputes over motor vehicles, alcoholic beverages and dairy.