Gloria Foods to acquire a 80% stake in the Argentina dairy division from Saputo for $400m.

Gloria Foods, a dairy and food holding company, agreed to acquire a 80% stake in the Argentina dairy division from Saputo, a dairy processor, for $400m. “Today’s announcement reflects our efforts to refine our global footprint for long‑term growth. The value to be realized recognizes both the operational excellence of the team and the market strength of the brands they built. This divestiture enhances our financial flexibility and supports targeted reinvestment in platforms that offer the highest growth opportunities, while allowing us to maintain a portfolio of Argentina‑sourced products for our international markets,” Carl Colizza, Saputo President and CEO.