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. Watch highlights from the Nov. 1 announcement ceremony. Our story began in Canada in 1954, when the Saputo family's hard work and dedication created a thriving dairy business. Your feedback is valuable to us, and we'd like to learn more. By moving to Montreal, the family followed a well-established [14] It acquired all the remaining shares in March 2017. And yet over 70 years Saputo Inc., started by a family of Italian immigrants, has grown swiftly into an international dairy behemoth. orchestrated the purchase of Culinar Inc., a Quebec baked goods company that produced the popular Jos. + 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. The couple also contributed to the foundation of an Italian Canadian community centre in Montreal, 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. 10000+ Employees. I can confidently say that I have surpassed nearly all my dreams. 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. 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. [4][non-primary source needed] It operated in Wales and Germany from 2006 to 2013. You may not be familiar with his name, but youve definitely visited one of Bouchards more than 15,000 convenience stores around the world. The company says it has spent $9.1 billion to expand its operations since its 1997 initial public offering, including through 35 acquisitions, earning it a strong reputation for integrating and improving the many companies it has gobbled up. 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 . He also provides transportation to company employees in an effort to get more cars off the road. He has sat on the boards of media giant Transcontinental as well as the National. of the context of a raid on the companys factory by Montral police in 1972, eventually leading to a total of $350 in fines for health violations but no proven connections. The company built its first significant production facility three years later, and quickly benefited from the boom in the North American appetite for pizza and, specifically, mozzarella. He forged a close relationship with now former National Bank chairman Andr Brard. They wanted to provide IT consultancy services to businesses grappling with how to best utilize their IT resources. His influence and family name is found throughout Montreal, Quebec, including on the Saputo Stadium, home of CF Montral a professional soccer team that plays in Major League Soccer (MLS).His family is routinely listed among the wealthiest Canadians, reaching number three in 2017. SAPUTO. Visit our Community Guidelines for more information and details on how to adjust your email settings. Nonetheless, the rumours may have been a factor in the Ontario Milk Commissions Une somme de 7,5 M$ a t offerte sous forme de donation de la famille Saputo, alors qu'un montant de 9,5 M$ a t financ sur une priode de 25 ans. Saputo dairy products are found all over 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. Change in rank from 2017: 2 Thats where three of, Metro Vancouver, Canadas third largest metropolitan area, understandably boasts its fair share of wealthy individuals. Two years later, Lino came to join Giuseppe and Frank with his mother, Maria, and five other siblings. Fortin is one of the founding partners in the Couche-Tard chain of convenience stores. 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. Philip Fayer was studying at Concordia University when he founded a payment processing company in 2003, with the help of co-founder Lester Hernandes. His father was a master cheesemaker in the small village where they lived in Sicily, Italy. 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. 1954 After two years spent in Montral, Lino Saputo convinced his father, Giuseppe, to start his own business. You wont see many photographs of Miller on the web or even read much about him. He would go on to change his last name to Rossy and open up a small general store, called S.Rossy, in Montreal. Despite, Dollaramas were only found in Eastern Canada initially, but in the 2000s, they expanded across Canada to the west. In 1954 the Saputo family brought the secrets of Italian cheese-making to Canada. Megawide is building a $300 million data center in Cavite, south of the Philippine capital of Manila, as the construction company pivots to the digital space. 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. In 2003, Saputo acquired Molfino Hermanos S.A., Argentinas third largest milk processor. Today, it's one of the world's top dairy brands. His son Lino Saputo Jr. was named "Canada's Outstanding CEO of the Year" for 2019 by the Financial Post. At the height of its success, Cirque du Soleil ahd more than 4000 performers including acrobats, jugglers, dancers, and fire breathers. . Both foundations have made major contributions to hospitals, health, communities and education in Quebec, Canada and beyond. [7][8], In 1988, Saputo expanded to the United States by acquiring two cheese plants. By moving to Montreal, the family followed a well-established trend for Italians immigrating to Canada. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Type: Company - Public (SAP) Industry: Food & Beverage Manufacturing. Second to Ontario when it comes to the provinces with the most billionaires, Quebec is home to some of the richest people in Canada and the world. 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. This company specialized in paging devices, which were the techiest of tech at that time. 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. Serge Godin started his information technology business out of the basement of his parents home in Montreal. Jean Coutu is worth $2.80 billion USD ($3.39 billion CAD) according to Forbes. Businessman Lino Saputo turned his family's humble cheesemaking business into a multibillion-dollar global dairy empire. Bonanno agreed to invest $8,000 in exchange for a 20 per cent stake in the firm. You know them as Alimentation Couche-Tard. Functions will include working closely with various internal stakeholders from across the business. Rosalia will be lovingly missed by her five daughters, Caterina, Maria, Enza, Josie and Valentina and her sons-in-law Raffaele and . 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. 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. Up until 2019, Paul Jr. and Andr remained in charge of Power Corporation. Giuseppe Saputo founded the company in Montreal in 1954, using $500 in startup capital and a single bicycle to make deliveries. until reading about it in local newspapers. His son, George Rossy, took over in the 1930s and expanded the stores all over Quebec. He is the co-founder of the Cirque du Soleil international entertainment empire, which before its bankruptcy, was valued at more than a billion dollars. This businessman speaks five languages and has a collection of honorary doctorates. He scraped together $500 in savings for 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. + Is Term Life Insurance Better Than Whole Life Insurance? Comments may take up to an hour for moderation before appearing on the site. The acquisition of La Presse and other Quebec newspapers gave him political influence in Quebec. Invest with this $0 fee online broker pioneer! They expanded into Ontario with the acquisition of Beckers and Macs stores in the 1990s. He is the founder of the Canadian cheese manufacturer Saputo Inc. In 1954, his son Lino convinced him to start a business. Fortins business prowess has been widely demanded. We ask you to keep your comments relevant and respectful. Lino Saputo took over the family firm from his father in 1969, and began to expand the business. He is the founder of Future Electronics, one of the four largest electrical component suppliers in the world. 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. Born in Berlin, Stephen Jarislowsky left Nazi Germany for the Netherlands, then France, before immigrating to the United States in the 1940s. Bouchard is still Executive Chairman of the Board of Directors for Alimentation Couche-Tard, the position he took after naming Brian Hannasch President and Chief Executive Officer in 2014. 486 spot on the Forbes list of global billionaires. Subscribe now to read the latest news in your city and across Canada. Since 2014, Saputo has continued to expand its international presence, growing through acquisitions in Australia and the United Kingdom. Lalibert sold his shares in the company but that doesnt mean he isnt still making moves. Founded: 1954. Listen to Down to Business for in-depth discussions and insights into the latest in Canadian business, available wherever you get your podcasts. Prequalify in 5 minutes or less! I would say that weve looked at over 300 files and weve only made 31 acquisitions since we went public in 1997, so we have looked at a lot of files and weve walked away from a lot more files than weve materialized.. 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. 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. Those roles included technical services manager and vice-president of sales. Family Business Saputo sisters forged their own path Patricia and Danielle Saputo, of the family behind Montreal-based dairy processor Saputo Inc., knew early on they wouldn't take on leadership roles in the family business Natalya Anderson Financial Post Published Dec 29, 2022 Last updated Jan 03, 2023 10 minute read [17] In November 2017, According to the reports, Saputo acquired Betin Inc. a Belmont specialty cheese maker with a facility that employs 319 workers. The real estate mogul and philanthropist died at the age of 80 on. The Saputo family was reportedly unaware Bonanno was a Mafia boss . Overall, Saputo Inc. posted revenue of $14.2 billion for the fiscal year ended March 2021 (down slightly from $14.9 billion in 2020), with $6.1 billion of 2021 revenue coming from the U.S., its largest geographic source of sales. 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. Like the acrobats in his shows, Guy Lalibert seems to always land on his feet as a businessman. While Saputo Inc. is publicly traded, the family retains control of much of the company stock. Factory on St-Michel street in Montreal. Joey Saputo began working for the family business in 1985, Saputo Inc., a dairy processing company founded by his father Lino Saputo in 1954. Lino Saputo emerged from modest beginnings to develop one of the most prominent dairy companies in Canada Saputo His son Andr married the France Chrtien, the daughter of former Canadian Prime Minister Jean-Chrtien. It forces me to work a little harder.. Right alongside the influx of Italian immigrants and the rise of pizza popularity in the 1950's, Saputo was born. Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. The Saputo family's initial production was limited to just ten kilos (22 pounds) per day. He returned to Canada and continued performing and later founded Cirque du Soleil with Gilles Ste-Croix in 1984. [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]. And education in Quebec startup capital and a single bicycle to make.. Industry: Food & amp ; Beverage Manufacturing and later founded Cirque du with... 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