Saputo to acquire the specialty cheese business of Lion-Dairy & Drinks
- Published | 06 June 2019
Saputo Inc. has announced for acquisition of the specialty
cheese business of Lion-Dairy & Drinks Pty Ltd. is expected to further enhance Saputo’s Australian Dairy Division, as
well as diversify its product offering which will fuel the global cheese market
in future time
Global: Canadian firm
Saputo has entered an agreement to acquire the Specialty Cheese Business of
Lion-Dairy & Drinks in Australia for A$280m ($197m). Lion-Dairy & Drinks
is a subsidiary of Japanese company Kirin. The Speciality Cheese Business
operates two manufacturing facilities located in Burnie and King Island,
Tasmania. The Specialty Cheese Business produces markets and distributes a
variety of specialty cheeses under a wide portfolio of Australian brands,
including South Cape, Tasmanian Heritage, Mersey Valley, and King Island Dairy.
The acquisition of the Specialty Cheese Business is expected to further enhance
Saputo’s Australian Dairy Division, as well as diversify its product offering
by adding and complementing its current activities.
According to
BlueWeave Consulting, the longer shelf life of cheese products, rise in
disposable income, and increase in demand for protein-rich food will propel the
cheese industry in the upcoming period. Cheese contains a host of nutrients
like calcium, protein, phosphorus, zinc, vitamin A and vitamin B12. The major
health benefits of cheese include relief from hypertension and osteoporosis. It
also helps in maintaining bone health, gaining weight and dental care. Moreover, Cheese proven health benefits
include supporting healthy bones, a great source of fats, supporting healthy
heart, a great source of protein, may help prevent cancer, a great source of
carbohydrates, management, and prevention of osteoporosis, supporting healthy
teeth and reducing stress.
Other
benefits include promoting brain function, promoting immunity and supporting
gut health. Additionally, the high-quality protein in cheese provides the body
with essential building blocks for strong muscles. Further, cheese contains
linoleic acid and sphingolipids, which helps prevent cancer. Also, vitamin B
present in cheese can reduce blood pressure, provided the sodium content is low
in cheese. Preparation of cheese involves standardization, pasteurization, the
addition of desired starter cultures, and other processes leading to the
formation of its different varieties. Besides, advancement in cheese
processing, such as the use of nanoliposomes in micro-encapsulation, results in
increased vitamins and minerals content of cheese. Increase in consumption of
fast food items, such as pasta, pizza, and burger, in different quick-service
restaurants (QSRs), drive cheese industry in the future timeline.
According to BlueWeave Consulting‘s report, Titled- “Global Cheese Market, by Type (Natural and Unprocessed), by Product (Mozzarella,Cheddar, Feta, Parmesan, Roquefort & Others), by Distribution Channel(Retail stores, Specialty Stores, Online, and Others), by Region (North America,Latin America, Asia Pacific, Europe, Middle East, and Africa) – Size and Forecast, 2015-2025’’- Global cheese market is expected to grow with a significant
rate in the forecast period,2019-2025, owing to an increase in process food
consumption and the growing fast-food industry. The growing demand for unprocessed cheese and
improvements in packaging technology is expected to boost the cheese market
over the forecast period.
The rising
number of populace adopting diet pattern consume cheese as it has high protein
content which helps in gaining weight and building up bone strength thus,
likely to fuel the growth of the cheese market. With an increase in the marketing initiatives
taken by major players through various advertising mediums, such as newspaper,
television, etc., the product increase awareness amongst the population will
augment the cheese market globally.
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