[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. Arriving in Canada in search of a brighter future, the Saputo family settled in Montral and planted the seeds of what is now a global company. He went on to work for the Provi-Soir convenience store chain. 10000+ Employees. He was the leader of the opposition party, the Parti Qubcois, from 2015 to 2016 before leaving politics to come back as CEO of Quebecor. Saputo Jr., now in his mid-50s, has been with the family-controlled company for 33 years, including nearly two decades as chief executive. 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. 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. 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. 11. 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. You may not be familiar with his name, but youve definitely visited one of Bouchards more than 15,000 convenience stores around the world. At Saputo, we work hard to create an environment where everyone feels supported, heard, and able to do their best. 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. Photo by Ryan Remiorz/The Canadian Press files. [16], In September 2017, Saputo announced complete acquisition of the Extended Shelf-Life Dairy Product Activities of Southeast Milk, Inc. in the United States. Lino Saputo is the son of a successful entrepreneur. You may not be familiar with his name, but youve definitely visited one of Bouchards more than 15,000 convenience stores around the world. 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. extended shelf-life milk and cream products, cultured products and . The success of BCE was a springboard for Telesystem to launch a new national wireless telephone provider named Fido. Saputo (SAP) Shares Cross Below 200 DMA In trading on Tuesday, shares of Saputo Inc (Toronto: SAP) crossed below their 200 day moving average of $48.13, changing hands as low as $47.32 per. According to a 2019 profile in the Globe and Mail, he has a constantly revolving collection of luxury cars, with a particular affinity for 1980s-era Porsches. It was Power Corporations foray into insurance and financial services that made it one of Canadas largest companies. The couple also contributed to the foundation of an Italian Canadian community centre in Montreal, The acquisition of La Presse and other Quebec newspapers gave him political influence in Quebec. [3] A spokesperson said that "was justified for business reasons and not for fiscal considerations". He went on to expand his media and printing empire in Quebec. Invest with this $0 fee online broker pioneer! Named for the Olympic Stadium complexes built for the 1976 games, the Olympic Park and the surrounding neighborhood of Hochelaga-Maisonneuve (HoMa) make up an invigorated area dedicated to "Space for Life." Around the Olympic Village's arenas and stadiums, Rue Sherbrooke welcomes . The Saputo family's initial production was limited to just ten kilos (22 pounds) per day. Hints and clues to help you with today's Wordle. Le 9 mars 2011, en vue de son entre en MLS, le CF Montral a dvoil les plans dtaills de l'agrandissement du Stade Saputo pour le faire passer de 13 034 20 801 siges. 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. 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? 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. 5.0 Job work-life balance Salary/Benefits In 2001, Saputo Inc. expanded its national reach when it successfully acquired a Western Canadian collective of dairy 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. 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. While they retired from day-to-day operations, they still have seats on the Board of Directors and their respective sons have active roles in the company. Pierre Karl Pladeau is a very rich man. The Internship Program will begin on May 15th and end August 11th, 2023. There are quite a few different things that billionaires can teach us. According to Forbes, Emanuele Saputo is worth $5.70 billion USD ($6.9 billion CAD). One client turned into ten, and then 100, and a decade later they found themselves on the Toronto Stock Exchange raising funds to buy out smaller IT companies. In 1990, he was promoted to president and chief operating officer of the Dairy Products Division for the United States. Visit our Community Guidelines for more information and details on how to adjust your email settings. The man whose first name hangs above the entrances of his world-famous shore store calls Montreal his home. For event updates, visit . His son Lino Saputo Jr. was named "Canada's Outstanding CEO of the Year" for 2019 by the Financial Post. [citation needed]. Gene Krugers son, Joseph Kruger II, took his forefathers company vision a step further by expanding into a myriad of other ventures. The Montreal-based dairy processor, behind popular products like Armstrong cheese, Scotsburn ice cream and Baxter, Neilson and Dairyland milk brands, said revenue was $4.6 billion, up 17.6 per . Its shares declined 9% in 2017 and 5.9% year over year, though revenues were still up 9% as of August. Louis cakes, among other sweets. A sign at a Montreal Saputo plant, pictured in 2014. 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. Alimentation Couche-Tard has a market capitalization of $48.69 billion on the TSX. The company is one of the top ten dairy processors in the world, and a leading cheese manufacturer and fluid milk and cream processors in Canada, Australia, and the second largest in Argentina. They also purchased other breweries and are the largest brewery in Canada and the oldest one in North America. Giuseppe Saputo, a cheesemaker, immigrated with his family to Montreal in the 1950s from Italy. Lino grew the company in the following decades,. Lalibert was inspired by a childhood visit to the Ringling Brothers Circus. He also provides transportation to company employees in an effort to get more cars off the road. Saputo went through considerable growth in the 1960s and 1970s as demand for its products increased. Use the HARDBACON promo code to get $20 when you open a free KOHO account and make a purchase. Lino is an enthusiastic car collector, particularly of vintage Cadillacs and other classic cars. Introduction Saputo Inc. is a North American dairy producer with a success story. SAPUTO. In a 3.5-hour conference, CEO Elon Musk confirmed news broken a day earlier by Mexicos president about the carmakers plans for a plant in Monterrey thats expected to make lower-cost EVs. Combined, Saputo Inc.s brands generate north of $14 billion in annual revenue. Alain Bouchard, along with his wife Sandra Bouchard, have a charitable foundation called the Sandra and Alain Bouchard Foundation. Saputo. [citation needed] In August 2017, Lino Saputo Jr. assumed the role of chairman, and Saputo remains the majority shareholder of Saputo Inc.[1], Possible links to the Mafia have been raised in the past, more recently in January 2020 with Radio-Canada investigative program Enqute. Couche-Tard, also known as Alimentation Couche-Tard, was founded by Alain Bouchard with a single convenience store in 1980. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Although youre well supported with people around you, at the end of the day, youre responsible for the success and the failure of the organization.. He has become a major player on the poker circuit and has also purchased his own island in French Polynesia. Saputo products at a discounted price; We support employment equity. According to Forbes, he has an estimated net worth of US$4.7 billion as of November 2022. dairy ingredients. Dollaramas were only found in Eastern Canada initially, but in the 2000s, they expanded across Canada to the west. [3], Saputo owns a significant stake in a trucking company, TransForce, and has extensive investments in real estate, forest products, hotels and golf courses. Budgeto is the first easy-to-use, affordable and reliable online budgeting tool designed specifically for small and medium-sized businesses. Jarislowsky also served in the US armed forces before moving to Montreal to work for Alcan. The company went on to provide services to countries around the world, in 150 different currencies. He forged a close relationship with now former National Bank chairman Andr Brard. In 1954, his son Lino convinced him to start a business. Factory on St-Michel street in Montreal. Although Alain Bouchard opened the first Couche-Tard convenience store alone in 1980, he was joined shortly after by DAmours and two other founders. Saputo 's first important production installation. SpaceX Rocket Launches Crew Of Four To International Space Station, Newcastle United Target FC Barcelona Raphinha Signing In $320 Million Spending Spree - Reports, Philippine Tycoon Edgar Saavedras Megawide To Build $300 Million Data Center In Digital Pivot. As a result the stadium would carry the name Saputo. Quebecor was formed one year after Pierre Pladeau Sr. started Le Journal de Montral. 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. + Why Subprime Mortgages are Popular in Canada, + CMHC and Mortgage Default Insurance: The Secret No One is Telling You. The family founded Saputo in 1954, and Emanuele Saputo became president of it in1969. First international inductee, Joey Saputo is a Canadian businessman and President of the Montreal Impact soccer team, which he founded in 1993. Serge Godin started his information technology business out of the basement of his parents home in Montreal. Future Electronics now has 168 locations around the world from Canada to China. A hockey fanatic, he built a private three-on-three rink thats also used for a yearly company hockey tournament. 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. 486 spot on the Forbes list of global billionaires. The landscape in Major League Soccer is changing. That wealth has everything to do with his father, Pierre Pladeau Senior. Yes, its also a lonely position, just like sometimes when youre a CEO it is a lonely position. 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. He remained CEO until 2012 and thereafter served on the Board of Directors. Emanuele Lino Saputo, CM, OQ, businessman, dairy and cheese industrialist, philanthropist (born 10 June 1937 in Montelepre, Italy). ?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. SAPUTO, Rosalia Monticciolo 1931-2017 It is with great sadness and heavy hearts that the family of Rosalia Saputo Monticciolo announces the passing early Friday morning, December 15, 2017 at the age of 86. Fortin has established Lise et Richard Fortin, a foundation that provides money to a variety of causes including those that assist children and the elderly. 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. By CB Staff 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. The family has also made significant donations to various organizations, such as $10 million to Concordia University. As of September, founder Emanuele (Lino) Saputo and his family had a net worth of US$5.5 billion, according to Forbes, placing the family in the No. products of the utmost quality, including cheese, fluid milk, She also studied religion and played a role as cantor to a synagogue in Quebec. Lino Saputo Sr., front, of the Montreal dairy giant Saputo Inc., and Lino A. Saputo Jr., president of and chief executive officer of the company, are seen at the annual Saputo meeting in Laval, in 2009. 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. The roots of Sharon Azrielis fortune go back to when her father, David Azrieli fled Poland at the beginning of WWII and eventually ended up in Montreal in his early 30s. A family business that started in Montreal in the early 1950's, the company has grown over the past decades into a publicly traded multinational enterprise (Saputo Inc., 2017). Exclusive to Hardbacon: get 15 extra chances! Saputo Inc. Food and Beverage Manufacturing Montreal, Quebec 120,362 followers Our best is made of yours / Le meilleur de nous est le meilleur de chacun / Lo mejor de nosotros es lo mejor de cada uno [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. Saputo Foodservice Montreal Location 2365, chemin de la Cte-de-Liesse Saint-Laurent, QC H4N 2M7 Contact us: (514) 328-3605 foodservice@saputo.com Discover Saputo Foodservice in Montreal, Quebec Your dairy and cheese product supplier in Montreal 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. Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. This advertisement has not loaded yet, but your article continues below. [1] Early life [ edit] Paul Desmarais died in 2013 at the age of 86 and his wife Jacqueline died in 2018 at age 89. 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. In 1997, it became a publicly traded company and tripled in size following the acquisition of Stella Foods in the US. Yet the Saputo family claimed that they had been unaware of Bonanno's reputation, and canceled the deal as soon as they learned of Bonanno's mafia connections. That wealth stems from print media, beer, convenience stores and more. 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. [4][non-primary source needed] It operated in Wales and Germany from 2006 to 2013. When you consent to allowing these technologies, it permits us to analyze data, like on-site behaviour and unique IDs on the site. The company now has interests in restaurants, golf clubs as well as the Saputo Stadium which hosts the Montreal soccer team. Shortly . Photo by Maria Laura Antonelli/ZUMA Press/Newscom. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. 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. According to Forbes, Philip Fayer is worth $1.70 billion USD ($2.06 billion CAD). Our story began in Canada in 1954, when the Saputo family's hard work and dedication created a thriving dairy business. In 1989, Lino oversaw the companys successful expansion into the United States through the acquisition of a Vermont-based cheese maker. Giuseppe Saputo founded the company in Montreal in 1954, using $500 in startup capital and a single bicycle to make deliveries. The Saputo family owns hundreds of antique cars and oversees an automobile enthusiasts' club. Copyright 2023 St. Joseph Communications. On this Wikipedia the language links are at the top of the page across from the article title. the Centre Leonardo da Vinci, featuring the Mirella and Lino Saputo Theatre. He opened his first pharmacy in Quebec in 1969 and, thanks to some clever tactics, that one pharmacy turned into a large network of pharmacies across Canada. The company, long helmed by Lino Saputo, grew in large part through acquisition, including the 1988 purchase of two American cheese plants. At first, the 15-year-old Lino found the move difficult, and longed to return to Sicily. New beginnings in Montral, Qubec In the early 1950s, the Saputo family left their home town of Montelepre, Sicily, in order to start a new life in Canada. These people have gained wealth that most of us can, When Canadians strike it rich and head to Europe, its clear that the prime destination is Geneva, Switzerland. The elder Saputo's father, Giuseppe, founded the business in 1954 with $500 and a bicycle for deliveries after immigrating to Canada from Sicily. The company did not make either father or son available for an interview, saying Lino Sr. is enjoying his well-earned retirement, while Lino Jr. was too busy. The stadium was inaugurated in 2008 and built at a cost of $17 million. The Saputo Family is a Canadian family with strong Italian roots. Immigrants are playing a major role on the list of the richest people in Quebec. Dollarama, which went public in 2009 under the ticker DOL, now have a market capitalization of more than $17 billion dollars. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. Welcome to, et bienvenue , r/Canada! In the early 1950s, the Saputo family left their home town of Montelepre, Sicily, in order to start a new life in Canada. Canada's Outstanding CEO of the Year 2019: Lino Saputo Jr. Whos David Cheriton? This The Impact de Montral Football Club, more commonly known as Impact de Montral FC, was established in 1992 by the Saputo family. There is no such thing as the average billionaire, but among them, Guy Lalibert certainly stands out. We encountered an issue signing you up. Get a $25 bonus when you open an investment account with Canadas most- popular robo-advisor. Bonanno agreed to invest $8,000 in exchange for a 20 per cent stake in the firm. At Saputo, our best comes from our people. 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. Saputo StadiumInformation about Saputo Stadium, home of CF Montral. Throughout this process, Lino remained firmly in charge of Saputos operations, reportedly Despite its size and status as a publicly traded company, Saputo Inc. still treads heavily on its humble origin story. Giuseppe Saputo founded the company in Montreal in 1954, using $500 in startup capital and a single bicycle to make deliveries. Youre going to detect a bit of a pattern on this rich list and maybe thatll help you find your own key to success. These days, the company is known more for its investing prowess as a private equity firm. By 1989, he sat on the board of directors for a shipping firm, Cabano Expeditex (now TransForce), and for the National Bank of Canada. Bce was a springboard for Telesystem to launch a new national wireless telephone provider named Fido: the No... Unique IDs on the site family with strong Italian roots, beer, stores. $ 25 bonus when you open a free KOHO account and make a purchase considerable. 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