Saputo Dairy Australia to divest its joint venture interest in Kiewa
22 June 2026
Saputo Dairy Australia (SDA) today announced it has entered into an agreement with Danone Asia Pte Ltd to sell its interest in the Danone Saputo Dairy Australia (DSDA) joint venture. The transaction is subject to regulatory approval and is expected to close in the second half of calendar 2026.
As part of the transaction, Danone will lease a defined portion of the Kiewa manufacturing site (north-east Victoria), where it will continue to make products previously produced by the joint venture. SDA will continue to manufacture other Saputo products at Kiewa for both domestic and global markets.
Following Danone becoming the majority shareholder of DSDA in February 2026, SDA has taken the opportunity to divest its remaining interest. This decision will support targeted reinvestment across our network to drive long‑term growth.
SDA and Danone will work closely together over the coming months to finalise a transition plan and support employees through the changeover process.
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About Saputo Dairy Australia
Saputo Dairy Australia produces, markets and distributes a wide range of high-quality dairy and non-dairy products for the domestic and international markets including cheese, dairy alternative cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients. Saputo is a leading dairy processor in Australia and is part of Saputo Inc., one of the top ten dairy processors in the world. Saputo Dairy Australia products are sold in several countries under well-known brand names such as Caboolture, CHEER™, Cracker Barrel*, Devondale, Great Ocean Road, Liddells, Mersey Valley, MG Ingredients, Mil Lel, Sheese, South Cape, Sungold and Tasmanian Heritage. Visit us online: www.saputodairyaustralia.com.au | www.saputo.com
*Cracker Barrel is a registered trademark of Lactalis Heritage Dairy used under licence.
Media Inquiries: sda.communications@saputo.com
