The products are available through Woolworths stores nationally, with additional distribution through Coles and the Independent grocery channel planned for the coming months.
The changes reflect Saputo’s ongoing commitment to evolving its business to meet changing customer, consumer, and market needs while enhancing organizational agility and execution.
No other terms of the NCIB have been amended.
Adjusted EBITDA was US$305.9 million, with an adjusted EBITDA margin of 9.7%, up from 9.1%.
In connection with the closing, Saputo received net proceeds of approximately $543 million (US$400 million) and retains a 20% ownership interest in the business.