The Saputo family has a long history of meaningful philanthropy, beginning with Lino and Mirella who co-founded their foundation in 1979. The stadium was inaugurated in 2008 and built at a cost of $17 million. As in the 1960s and 1970s, no direct evidence of those ties was discovered. Jean Coutu is worth $2.80 billion USD ($3.39 billion CAD) according to Forbes. Giuseppe Saputo founded the company in Montreal in 1954, using $500 in startup capital and a single bicycle to make deliveries. Emanuele (Lino) Saputo chaired his family's eponymous dairy company from 1969 until his August 2017 retirement. Over the next few years, the company bought stores across Canada and around the world, notably Perrette and Provi-Soir. 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 order to offer you the best experience, we use technology like cookies to remember your preferences and recognize your devices. He went on to work for the Provi-Soir convenience store chain. [1] Early life [ edit] Subscribe now to read the latest news in your city and across Canada. In 2018, Scotiabank became the proud owner of Jarislowsky Fraser in a transaction valued at $950 million. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. Search and display advertising arent the only parts of the marketing landscape that have changed over the past three years. This businessman speaks five languages and has a collection of honorary doctorates. The Intern, Communications will be responsible for assisting in the development and deployment of internal and external communications strategies. 2. Reviews and recommendations are unbiased and products are independently selected. The real estate mogul and philanthropist died at the age of 80 on. 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 . document.write(new Date().getFullYear()) Saputo Inc. All right reserved. The storage or technical access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. According to Forbes, Robert Miller is worth $2.00 billion USD ($2.42 billion CAD). Joey Saputo's age is 58. 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. [11] The firm announced in 2012 it would buy Morningstar Food for US$1.45billion. [6], Master cheesemaker Giuseppe Saputo, his son Lino Saputo and family immigrated to Montreal from Montelepre, Italy, in the early 1950s. The family founded Saputo in 1954, and Emanuele Saputo became president of it in1969. That quick success had to do with the fact that back then private payment processors were a fairly new thing. First international inductee, Joey Saputo is a Canadian businessman and President of the Montreal Impact soccer team, which he founded in 1993. Lino is an enthusiastic car collector, particularly of vintage Cadillacs and other classic cars. Reflects change since 5 pm ET of prior trading day. He founded CGI in 1976 and was later joined by a co-founder. According to Forbes, he has an estimated net worth of US$4.7billion as of November 2022.[1]. The company went on to provide services to countries around the world, in 150 different currencies. Meet the publicity-shy Chinese-Canadian soap tycoon, tap here to see other videos from our team, Unlimited online access to articles from across Canada with one account and fewer ads, Get exclusive access to the National Post ePaper, an electronic replica of the print edition that you can share, download and comment on, Enjoy insights and behind-the-scenes analysis from our award-winning journalists, Support local journalists and the next generation of journalists, Daily puzzles including the New York Times Crossword, Access articles from across Canada with one account, Share your thoughts and join the conversation in the comments, Get email updates from your favourite authors. It became Canada's largest producer of mozzarella in the 1980s. Going from entreprenneur to banker, Desmarais made acquisitions in different sectors such as pulp and paper and media. The Saputo Family is a Canadian family with strong Italian roots. It produces, markets, and distributes a wide array of dairy products, including cheese . . 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. The family founded Saputo in 1954, and Emanuele Saputo became president of it in1969. Saputo is one of the top ten dairy . When you look at the stories of some of the richest people in the world, you learn that it doesnt take a lot of money to start a billion-dollar business. He has joined forces with Patricia Saputo, finance director of family office Italcan, a 10% shareholder in the Sapuro, a multi-billion dollar Canadian dairy firm. 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. and Lino Saputo, which donates money to a wide range of causes, particularly helping sick and disabled children, women and seniors. 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. Aldo Bensadoun. In 1950, Linos father, Giuseppe Saputo, and eldest brother, Frank, immigrated to Canada from their Sicilian home. June 22, 2022. "I invite them to come and. Considering its global reach, billions of dollars in sales, and the wealth of its founding family, Saputo Inc. is not an overly well-known Canadian company. Rosalia will be lovingly missed by her five daughters, Caterina, Maria, Enza, Josie and Valentina and her sons-in-law Raffaele and . Saputos growth strategy stresses patience: CEO Lino Saputo Jr. waited 12 years for the opportunity to snap up one of the biggest dairy operations in Australia, in 2014. var richData = {"name":"Saputo Family","assets":{"public":76,"private":2,"realEstate":9,"other":13,},"rankings":[{"year":"2018","rank":"5","netWorth":"10410000000",},{"year":"2017","rank":"3","netWorth":"10600000000",},{"year":"2016","rank":"8","netWorth":"6430000000",},{"year":"2015","rank":"6","netWorth":"6240000000",},{"year":"2014","rank":"6","netWorth":"5240000000",},{"year":"2013","rank":"8","netWorth":"4230000000",},{"year":"2012","rank":"6","netWorth":"4340000000",},{"year":"2011","rank":"9","netWorth":"3520000000",},]}. The next issue of Financial Post Top Stories will soon be in your inbox. trend for Italians immigrating to Canada. The Kruger family history dates back to 1904 when American, Joseph Kruger, brought his family to Canada and opened up a fine paper company in Montreal. Company Description: Saputo produces markets and distributes a wide variant of dairy products such as cheese, fluid milk, extended shelf-life milk and dairy ingredients. Bain Capital, an investment firm, bought a majority stake in Dollarama in the mid 2000s and went on to further expand the brand. Net worth: $2.03 billion. 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. 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. Dollarama, which went public in 2009 under the ticker DOL, now have a. ccording to Canadian Business, the Rossy family is worth $2.52 billion. Today Couche-Tard stores can be found all over the world. Photo by Graham Hughes/The Canadian Press files. behind him when he fought a revival of such allegations in 2007. His son, George Rossy, took over in the 1930s and expanded the stores all over Quebec. They also purchased other breweries and are the largest brewery in Canada and the oldest one in North America. 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 [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]. Canada's Outstanding CEO of the Year 2019: Lino Saputo Jr. Whos David Cheriton? Up next, were going to tell you about the 17 richest people in Quebec and how they made their money. equipment and a delivery bike to support his parents, who made cheese in a rented room in the Delca Cheese factory on Rue de Rouen. The elder Saputo's father, Giuseppe, founded the business in 1954 with $500 and a bicycle for deliveries after immigrating to Canada from Sicily. [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. The elder Saputo's father, Giuseppe, founded the business in 1954 with $500 and a bicycle for deliveries after immigrating to Canada from Sicily. His son, Lino Jr., who has served as president and CEO since 2004, succeeded him as chairman. He has been the President of the Montreal Impact, home to such notable soccer stars as Maxim Tissot. At Saputo, our best comes from our people. In September 1954, Lino convinced his father to start his own business. Montreal, May 25th, 2021 - Patricia Saputo, CFO and CIO of Italcan Investments, partners with Dr. Mark W. Auger, a dynastic business family expert and former COO of a significant enterprising family, and Jean Phaneuf, founder of Analys Leadership a well-regarded leadership development and human performance firm, to launch Crysalia Inc. Godin has been recognized for all of his work with the Order of Canada as well as being inducted into the Canadian Business Hall of Fame. 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. 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