[6], Learn how and when to remove this template message, "Forbes profile: Emanuele (Lino) Saputo & family", "Quebec dairy mogul Lino Saputo had secret past dealings with U.S. mobster Joe Bonanno, then lied about it", "Notable Canadian companies, individuals in the Paradise Papers", "Canada's Richest People: The Saputo Family", "Canada's Outstanding CEO of the Year 2019: Lino Saputo Jr", https://en.wikipedia.org/w/index.php?title=Lino_Saputo&oldid=1120973894, This page was last edited on 9 November 2022, at 20:52. And yet over 70 years Saputo Inc., started by a family of Italian immigrants, has grown swiftly into an international dairy behemoth. In 1979, Mirella and Lino launched a charitable foundation, the Fondation Mirella The business quickly benefited from steady demand from fellow Italian immigrants, who longed for the products of home. Amelia Saputo and Lino Saputo Jr. react . December 24, 2015, Rich 100 rank: #5 now with operations in the United States, Argentina and Australia. As of 2019. Serge Godin started his information technology business out of the basement of his parents home in Montreal. The storage or technical access is necessary for the purpose of legitimate interest to store preferences that are not requested by the subscriber or user. It all started with Selim Rassy who immigrated to Canada from Lebanon in 1910. They later went on to purchase the Montreal Canadiens hockey team as well as the Montreal Forum. The Saputo family likes to think big: The company is the largest cheese maker in Canada, third largest in both the U.S. and Argentina, and fourth in Australia. Each of our employees is committed to uphold our tradition of care . Rosalia will be lovingly missed by her five daughters, Caterina, Maria, Enza, Josie and Valentina and her sons-in-law Raffaele and . His son Lino Saputo Jr. was named "Canada's Outstanding CEO of the Year" for 2019 by the Financial Post. Type: Company - Public (SAP) Industry: Food & Beverage Manufacturing. Budgeto is the first easy-to-use, affordable and reliable online budgeting tool designed specifically for small and medium-sized businesses. + Mortgage Prepayment Options: The Pros And Cons. The company remained entirely family held until its initial public offering in 1997. until reading about it in local newspapers. According to Forbes, he has an estimated net worth of US$4.7billion as of November 2022.[1]. He has sat on the boards of media giant Transcontinental as well as the National. Fido is still a household name in Canada. Part of that success had to do with the fact that Jean Coutu didnt just sell pharmaceuticals, but rather low-priced items like school supplies, bathroom tissue, and other products that other pharmacies didnt carry. Exclusive to Hardbacon: get 15 extra chances! 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. Early Life and Establishment of Saputo Inc. He has become a major player on the poker circuit and has also purchased his own island in French Polynesia. I would say that weve looked at over 300 files and weve only made 31 acquisitions since we went public in 1997, so we have looked at a lot of files and weve walked away from a lot more files than weve materialized.. Emanuele (Lino) Saputo is an Italian-Canadian billionaire businessman who has an estimated net worth of $4.9 billion. He also provides transportation to company employees in an effort to get more cars off the road. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. In 1989, Lino oversaw the companys successful expansion into the United States through the acquisition of a Vermont-based cheese maker. Montreal CF did remarkably well to make it to the CONCACAF Champions League final in the 2014/2015 season, but Mexican team America proved to be a big catch for the Canadian outfit in the title game. Debts Repayment Calculator (Avalanche Method), He was earning a nice income there, but there is nothing like owning a piece of the pie which is what he got with his move to Couche-Tard. Saputo strives to embed diversity and inclusion in its operations and invites candidates from all horizons to join its family. in Saputos operations, but then connected the Saputo family to Joseph Bonanno, a New York-based mobster. The Saputo family owns hundreds of antique cars and oversees an automobile enthusiasts' club. He later went on to become the full owner of Molson Brewery in Montreal. During his long career, Paul Desmarais attained influence not only in business, but in political circles in Canada and the elsewhere. Saputo Family Makes Visionary $10 Million Donation to Support First-of-its-kind Social Innovation Centre at Concordia University Transformational gift from Amelia & Lino Saputo Jr.. A hockey fanatic, he built a private three-on-three rink thats also used for a yearly company hockey tournament. In March 2004, his son Lino Saputo Jr. was appointed to the position of president and CEO, while Saputo continued as the company's chairman. His father was a master cheesemaker in the small village where they lived in Sicily, Italy. While most people associate Molson with beer, Molson also sponsors events all over Canada and has become a well-known name nationwide. The Desmarais Family Worth: $5.58B Overall rank in Canada: 7 Paul Desmarais began his career at a Montreal accounting firm and then later owned his father's almost bankrupt railroad and bus line. 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. Copyright 2023 St. Joseph Communications. Despite its size and status as a publicly traded company, Saputo Inc. still treads heavily on its humble origin story. The Saputo family immigrated to Montreal, Canada in the 1950s with teenaged Emanuele, and they continued their cheese business. Emanuele Lino Saputo, CM, OQ, businessman, dairy and cheese industrialist, philanthropist (born 10 June 1937 in Montelepre, Italy). 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. At the time, pharmacies could be open at all hours unlike other retailers, so folks turned to Jean Coutu pharmacies when they needed certain things when other stores were closed. New to Canada? Photo by Maria Laura Antonelli/ZUMA Press/Newscom. Like the acrobats in his shows, Guy Lalibert seems to always land on his feet as a businessman. The company is one of the top ten dairy processors in the world, and a leading cheese manufacturer and fluid milk and cream processors in Canada, Australia, and the second largest in Argentina. Family Business Saputo sisters forged their own path Patricia and Danielle Saputo, of the family behind Montreal-based dairy processor Saputo Inc., knew early on they wouldn't take on leadership roles in the family business Natalya Anderson Financial Post Published Dec 29, 2022 Last updated Jan 03, 2023 10 minute read Joey Saputo began working for the family business in 1985, Saputo Inc., a dairy processing company founded by his father Lino Saputo in 1954. Between the two of them, and with the help of a single phone, they started drumming up business for their company. Saputo Inc. was founded with $500 and a bicycle. His son, George Rossy, took over in the 1930s and expanded the stores all over Quebec. Second to Ontario when it comes to the provinces with the most billionaires, Quebec is home to some of the richest people in Canada and the world. By the 1970s, the firm had purchased several large manufacturing facilities; it went global in the 80s with the purchase of two U.S. plants. Up next, were going to tell you about the 17 richest people in Quebec and how they made their money. According to a 2019 profile in the Globe and Mail, he has a constantly revolving collection of luxury cars, with a particular affinity for 1980s-era Porsches. Lino Saputo is the son of a successful entrepreneur. Throughout this process, Lino remained firmly in charge of Saputos operations, reportedly After modest beginnings, the Companys founders saw their determination, hard work, passion and vision transform Saputo into an industry leader, both in Canada and around the world. [1][2], The company has expanded predominantly through mergers and acquisitions. Former operations chief to the Savoie real estate family, Auger is chief executive of Crysalia, a Montreal-based consultant which started up in May. Montreal, QC H3G 1M8 J.W. They helped retailers, both online and offline, process credit and debit payments without the help of banks and, In 1955, he opened up the doors of what would become one of the worlds most successful investment firms, Jarislowsky Fraser Limited. Paul Desmarais III, the son of Paul Jr., is vice president of Power Corporation, and he heads the companys massive investment in financial technology (fintech) including control of Wealthsimple. Before Saputo Inc. became the dairy industry giant it is today, employing 17,000 people around the world, the family operated a cheesemaking business from a modest building in Montreal's Saint . [15], On February 3, 2015, Canada Bread Company Limited completed a C$120million acquisition of Saputo Bakery, a division of Saputo Inc.[16] Canada Bread Company Limited is a subsidiary of Mexico's Grupo Bimbo. In 1990, he was promoted to president and chief operating officer of the Dairy Products Division for the United States. When you consent to allowing these technologies, it permits us to analyze data, like on-site behaviour and unique IDs on the site. One of the top 10 dairy processors in the world, with products sold in over 50 countries. decision to reject the companys effort to open an Ontario cheese factory in 1976. The billionaires father, Simon Sirois, created Setelco in the 1970s. Fayers fintech innovation attracted the likes of Goldman Sachs as investors. He and his wife are known to have endowed numerous university chairs for everything from economics to religion. Une somme de 7,5 M$ a t offerte sous forme de donation de la famille Saputo, alors qu'un montant de 9,5 M$ a t financ sur une priode de 25 ans. Saputo. [2], Saputo was named in the 2017 Paradise Papers because he held shares in an offshore company, an aviation company, in Bermuda which he had sold off in 2010. SpaceX Rocket Launches Crew Of Four To International Space Station, Newcastle United Target FC Barcelona Raphinha Signing In $320 Million Spending Spree - Reports, Philippine Tycoon Edgar Saavedras Megawide To Build $300 Million Data Center In Digital Pivot. 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 We encountered an issue signing you up. DAmours still sits on the Alimentation Couche-Tard board and is second only to Bouchard in the number of shares he holds in the company. In 2001, Saputo Inc. expanded its national reach when it successfully acquired a Western Canadian collective of dairy 1957: Saputo opens its first company-owned cheese factory in Saint Leonard, a Montreal suburb. Finally, in 2004, Lino Saputo Sr. resigned as CEO, completing a long-anticipated Saputo Inc. Food and Beverage Manufacturing Montreal, Quebec 120,362 followers Our best is made of yours / Le meilleur de nous est le meilleur de chacun / Lo mejor de nosotros es lo mejor de cada uno Giuseppe Saputo, an Italian cheesemaker, immigrated with his family to Montreal in the 1950s. 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. The Montreal-based dairy processor, behind popular products like Armstrong cheese, Scotsburn ice cream and Baxter, Neilson and Dairyland milk brands, said revenue was $4.6 billion, up 17.6 per . He went to a variety of schools there including Harvard. And thats the second part of the companys success focusing on customer retention and happiness. That quick success had to do with the fact that back then private payment processors were a fairly new thing. For event updates, visit . 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. Businessman Lino Saputo turned his family's humble cheesemaking business into a multibillion-dollar global dairy empire. Lino A. Saputo Jr., BA 89, co-chair for the Campaign for Concordia and chair of the Board and Chief Executive Officer of Montreal-based Saputo Inc. (TSE:SAP), says this major gift is a pragmatic investment for his family. Bouchard is still Executive Chairman of the Board of Directors for Alimentation Couche-Tard, the position he took after naming Brian Hannasch President and Chief Executive Officer in 2014. The story of Saputo starts in Italy in the first half of the 20th century where his father, Giuseppe Saputo, was an artisan cheesemaker. According to Forbes, Philip Fayer is worth $1.70 billion USD ($2.06 billion CAD). Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. Watch highlights from the Nov. 1 announcement ceremony. You may not be familiar with his name, but youve definitely visited one of Bouchards more than 15,000 convenience stores around the world. It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world. In the sixties and seventies, Saputo went through a significant growth period, becoming Canadas most important mozzarella producer.

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