The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Saputo president and CEO Lino Saputo Jr., right, and his father Lino, chairman of the board, get set for the the company's annual meeting in Laval, Que., on Tuesday, July 31, 2012.
Saputo president and CEO Lino Saputo Jr., right, and his father Lino, chairman of the board, get set for the the company's annual meeting in Laval, Que., on Tuesday, July 31, 2012.
(Paul Chiasson/THE CANADIAN PRESS)

Saputo hints at Brazilian ambitions

Canadian cheese maker Saputo Inc. is signalling that it is set to increase its South American operations with an acquisition in Brazil, according to an analyst who follows the company.

The company has been making comments suggesting that it is looking to South America’s largest economy for growth, BMO Nesbitt Burns analyst Peter Sklar wrote in a recent report. The comments have come on conference calls and during a trip to see investors in the U.S., Mr. Sklar said.