16-12-2013 10:22 AM | Canada

As the dairy industry goes global, Canada is being left behind

Canadian dairy giant Saputo Inc. has been clear about why it wants to buy a much smaller Australian dairy.

It’s not just about selling milk and cheese to the Aussies. It’s about creating a platform to feed the exploding market for dairy products in China and the rest of Asia.

To get that toehold, Saputo is willing to endure a politically charged and hostile takeover of Warrnambool Cheese & Butter (WBC), Australia’s oldest dairy.
Full Story : The Globe and Mail