Peru’s Gloria Buys 80% of Argentina’s Largest Dairy Processor in $630 Million Deal

2026-02-13 - 12:35

Key Points — Peru’s Gloria Foods agreed to acquire 80% of Saputo Argentina — the country’s top milk processor, handling 3.65 million liters per day — in a deal valued at C$855 million (approximately $630 million), with an initial outlay of $500 million. — Canada’s Saputo Inc. will retain 20% and expects roughly $400 million