saputo family montreal

CF Montral is a Canadian professional soccer club based in Montral, Qubec, Canada.The club competes in Major League Soccer (MLS) in the Eastern Conference.Founded in 1992 as the Montral Impact (French: Impact de Montral), the team began play in MLS in 2012 as an expansion team, the league's nineteenth franchise and third Canadian club.. Bonanno agreed to invest $8,000 in exchange for a 20 per cent stake in the firm. According to Forbes, Serge Godin is worth $2.20 billion USD ($2.66 billion CAD). Quebecor was formed one year after Pierre Pladeau Sr. started Le Journal de Montral. The club was granted a franchise in the American Professional Soccer League (APSL), which was considered the highest level of professional soccer in North America at the time. Right into the 21st century, much of Linos interests remained in overseeing the growth of Saputo Inc. . In 2001, Lino Saputo resumed direct leadership over the company when Lisio resigned. Newcastle United are reportedly targeting the signing of FC Barcelona winger Raphinha this summer, as part of a 300 million ($319 million) spending spree. We're a talented and caring team with a longstanding history of excellence. 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 on to work for the Provi-Soir convenience store chain. And thats the second part of the companys success focusing on customer retention and happiness. The company expanded from that point until it went public in 1997. Born in Berlin, Stephen Jarislowsky left Nazi Germany for the Netherlands, then France, before immigrating to the United States in the 1940s. Some notable donations include $4 million for research into intellectual disabilities as well as a $3 million donation for research into cellular cancer treatment. 4750, Rue Sherbrooke East, Montreal, Quebec H1V 3S8 Canada. 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 [citation needed]. 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.. With the addition of newspapers, magazines and television channels, he expanded into the rest of Canada and the US. Major company holdings: Saputo, Transforce Saputo, 82, has a net worth estimated at $6.5 billion and is one of the richest people in Canada. Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. Although Pierre Karl Pladeau was heavily involved in the business early on, he took on a greater role after the death of his father in 1997. For event updates, visit . From there he was given more responsibility by the chains main office to find places to set up new locations. Photo by Graham Hughes/The Canadian Press files. Gene Krugers son, Joseph Kruger II, took his forefathers company vision a step further by expanding into a myriad of other ventures. Saputo is now the world's eighth largest dairy producer and own Saputo Stadium and the Montreal Impact soccer team, as well as Italian club Bologna. And yet over 70 years Saputo Inc., started by a family of Italian immigrants, has grown swiftly into an international dairy behemoth. Were very fortunate that weve gotten very good at acquisitions, Saputo Jr. told the Financial Post in 2019 when he was namedCanadas Outstanding CEO of the Year. The billionaires father, Simon Sirois, created Setelco in the 1970s. : Meet the Canadian billionaire who made an early bet on Google and calls himself cheap, Whos Joseph Tsai? Jean Coutu is worth $2.80 billion USD ($3.39 billion CAD) according to Forbes. In those early years, young Lino Saputo delivered our handmade cheeses on a bicycle. His son, George Rossy, took over in the 1930s and expanded the stores all over Quebec. Hes been the head of a major political party and is the head of one of Canadas biggest media empires. [citation needed] In August 2017, Lino Saputo Jr. assumed the role of chairman, and Saputo remains the majority shareholder of Saputo Inc.[1], Possible links to the Mafia have been raised in the past, more recently in January 2020 with Radio-Canada investigative program Enqute. In the early 1950s, the Saputo family left their home town of Montelepre, Sicily, in order to start a new life in Canada. In 1950, Lino's father, Giuseppe Saputo, and eldest brother, Frank, immigrated to Canada from their Sicilian home. Saputo products at a discounted price; We support employment equity. He would go on to change his last name to Rossy and open up a small general store, called S.Rossy, in Montreal. in Cooksville, Ontario. While Cirque du Soleil went bankrupt in 2020, his personal fortune was not impacted. Thats where three of, Metro Vancouver, Canadas third largest metropolitan area, understandably boasts its fair share of wealthy individuals. of the context of a raid on the companys factory by Montral police in 1972, eventually leading to a total of $350 in fines for health violations but no proven connections. The foundation provides money to a variety of causes including those focusing on healthcare. His son, Lino Jr., who has served as president and CEO since 2004, succeeded him as chairman. In 1955, he opened up the doors of what would become one of the worlds most successful investment firms, Jarislowsky Fraser Limited. Revenue: $10+ billion (USD) Saputo produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. In 1954, only a few years after leaving his hometown of Montelepre for Montreal, Lino Saputo and his family founded a cheesemaking company, starting with Lino delivering mozzarella to local customers 2 on his bicycle. equipment and a delivery bike to support his parents, who made cheese in a rented room in the Delca Cheese factory on Rue de Rouen. [9] Agrifoods International was itself the result of a series of mergers between dairy cooperatives in Western Canada in the 1990s. Early Life and Establishment of Saputo Inc. ?Since our first days delivering cheese on a bicycle, we've grown into a leading global dairy processor by staying true to the culture that defines us. In 1979, Mirella and Lino launched a charitable foundation, the Fondation Mirella Members of the Saputo family have just sold $7 million worth of shares in the Montreal trucking company TFI International. The Saputo family has a long history of meaningful philanthropy, beginning with Lino and Mirella who co-founded their foundation in 1979. He founded CGI in 1976 and was later joined by a co-founder. Named for the Olympic Stadium complexes built for the 1976 games, the Olympic Park and the surrounding neighborhood of Hochelaga-Maisonneuve (HoMa) make up an invigorated area dedicated to "Space for Life." Around the Olympic Village's arenas and stadiums, Rue Sherbrooke welcomes . [citation needed], In 2003, the firm continued to acquire businesses in the US and expanded into Argentina with the acquisition of Molfino Hermanos S.A.[10] That same year, while remaining chairman of the board Lino Saputo stepped down as president and CEO and was succeeded in this role by his son, Lino A. Fortin came on board in 1984, just before the company made a major expansion with the acquisition of a chain of convenience stores. At Saputo, our best comes from our people. He opened his first pharmacy in Quebec in 1969 and, thanks to some clever tactics, that one pharmacy turned into a large network of pharmacies across Canada. Telesystem sold a lot of its cellular assets at the beginning of the 2000s. Pierre Karl Pladeau is a very rich man. The company further benefited from the increasing popularity of pizza during the 1960s, since it meant growing demand for mozzarella. The business quickly benefited from steady demand from fellow Italian immigrants, who longed for the products of home. On this Wikipedia the language links are at the top of the page across from the article title. [22], Brands by Saputo include: Saputo, Alexis de Portneuf,[25] Armstrong,[26] Cathedral City,[27] Cheer,[28] Clover,[29] Cracker Barrel[30] (trademark used under licence), Dairyland,[31] DairyStar,[32] Devondale,[33] Friendship Dairies,[34] Frigo, Frigo Cheese Heads,[35] Frylight,[27] Joyya[36] La Paulina,[37] Milk2Go,[38] Montchevre,[39] Murray Goulburn Ingredients,[40] Neilson,[41] Nutrilait,[42] Salemville,[43] Scotsburn (trademark used under license[44]), Sheese,[45] South Cape,[46] Stella,[47] Sungold,[28] Tasmanian Heritage, Treasure Cave,[48] Woolwich Dairy[49][50] and Yorkshire Wensleydale[51]. Aldo Bensadoun. [7], In 2001, Saputo acquired Dairyworld Foods, the production and marketing arm of Agrifoods International Cooperative Ltd, which included the Dairyland milk and Armstrong cheese brands, for C$407million. In 2017, the company was sold to a private equity firm for just over $400 million with Fayer staying on as CEO. 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. He is the founder of the Canadian cheese manufacturer Saputo Inc. According to Canadian Business, Charles Sirois is worth $1.19 billion. 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 . Postmedia may earn an affiliate commission from purchases made through links on this page. transition whereby one of his sons, Lino Saputo Jr., assumed the position. Two years later, Lino came to join Giuseppe and Frank with his mother, Maria, and five other siblings. The Saputo family runs an international dairy products company and is headquartered in Montreal. 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. extended shelf-life milk and cream products, cultured products and Lino Saputo persuaded his father to start a cheese-making business in the 1950s now the company is an international dairy behemoth. [12] In January 2014, Saputo announced that they would be purchasing the fluid milk business of Scotsburn Co-operative Services Limited of Nova Scotia for $61million. In a 3.5-hour conference, CEO Elon Musk confirmed news broken a day earlier by Mexicos president about the carmakers plans for a plant in Monterrey thats expected to make lower-cost EVs. products of the utmost quality, including cheese, fluid milk, MONTREAL-Lino Saputo, founder of Canada's largest dairy-processing company, is inviting the RCMP to talk to him about allegations linking him to the Italian Mafia. Saputo was born in Montelepre, Sicily, Italy, in 1937, to Giuseppe Saputo, a cheesemaker, and his wife Maria. In 2018, Scotiabank became the proud owner of Jarislowsky Fraser in a transaction valued at $950 million. Lino grew the company in the following decades,. 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. Photo by Ryan Remiorz/The Canadian Press files. He is the co-founder of the Cirque du Soleil international entertainment empire, which before its bankruptcy, was valued at more than a billion dollars. Net worth: $2.03 billion. The Saputo family invested $7.5 million in the construction of the stadium and, as a result, the venue was named Saputo Stadium. He has become a major player on the poker circuit and has also purchased his own island in French Polynesia. The acquisition of La Presse and other Quebec newspapers gave him political influence in Quebec. He went on to expand his media and printing empire in Quebec. Listen to Down to Business for in-depth discussions and insights into the latest in Canadian business, available wherever you get your podcasts. Essentially, they gave business people the ability to send short wireless text messages on a tiny electronic device you could hook onto your belt buckle. In the 1990s, the company made several acquisitions to diversify its product offering and geographic reach. In 1950, Linos father, Giuseppe Saputo, and eldest brother, Frank, immigrated to Canada from their Sicilian home. Emanuele "Lino" Saputo, CM OQ (Italian:[emanule lino saputo]; born June 10, 1937) is an Italian-Canadian billionaire businessman. Signing up enhances your TCE experience with the ability to save items to your personal reading list, and access the interactive map. Lino Saputo Jr. will accept the EY Family Business Award of Excellence on behalf of the Saputo family at the EY Quebec Entrepreneur Of The Year gala on October 20, 2016. SAPUTO ADDS NEW PLATFORMS IN AUSTRALIA AND THE UK. Emanuele Lino Saputo, CM, OQ, businessman, dairy and cheese industrialist, philanthropist (born 10 June 1937 in Montelepre, Italy). + 5 Reasons to Buy a Life Insurance Policy if You Have Children, + 6 Things Every Parent Should Know About Life Insurance, + How to choose a life insurance policy in Canada, + How to Get Cheap Motorcycle Insurance Quotes, + The Ultimate Guide to Dirt Bike Insurance, + The Ultimate Guide to Motorcycle Insurance, + What Does It Take To Be Pre-Approved For A Mortgage In Canada, + How To Shop For A Mortgage In Canada, Like A Boss, Using Your RRSP To Buy A House: Everything You Need To Know About The Home Buyers Plan, First Time Homebuyers in Canada: Everything You Need to Know Before Making Your Lifes Biggest Purchase, + First Time Homebuyers in Canada: Everything You Need to Know. It all started with Selim Rassy who immigrated to Canada from Lebanon in 1910. Pierre Pladeau Sr. was studying law in university when he bought the first of many newspapers with the help of a loan from his mother. Right alongside the influx of Italian immigrants and the rise of pizza popularity in the 1950's, Saputo was born. Saputo Inc. was founded with $500 and a bicycle. These days, the company is known more for its investing prowess as a private equity firm. [19] The company was valued at C$1.7billion (975million). Saputo Jr., who plays goalie,says he enjoys the hot seat becausethe puck stops with you., No matter how many mistakes the people in front of you make, if the pucks in the net, its on you. His son, Gene Kruger, took over the company in the 1920s and grew it by adding newsprint, tissue and cardboard to the list of things the familys company manufactured. The Posthaste newsletter has all the breaking business news and market signals you need, The Posthaste newsletter the business news you need, Who are the Saputos? It forces me to work a little harder.. The story of Saputo starts in Italy in the first half of the 20th century where his father, Giuseppe Saputo, was an artisan cheesemaker. Giuseppe Saputo founded the company in Montreal in 1954, using $500 in startup capital and a single bicycle to make deliveries. All Rights Reserved. According to Canadian Business, the Kruger Family is worth $1.91 billion. Welcome to, et bienvenue , r/Canada! Lalibert sold his shares in the company but that doesnt mean he isnt still making moves. In 1954, with only $500 for equipment and a bicycle for deliveries, the Saputo family founded their very own company bearing their name. behind him when he fought a revival of such allegations in 2007. Saputo is one of the top ten dairy . Prequalify in 5 minutes or less! In September 1954, using $500 to buy some basic equipment and a bicycle for deliveries, the Saputo family founded a cheese making company bearing its name. It was Power Corporations foray into insurance and financial services that made it one of Canadas largest companies. Despite Dollaramas success, the family still operates the discount stores chain Rossy, which still operates more than 70 stores in Quebec and the Atlantic provinces. While most people associate Molson with beer, Molson also sponsors events all over Canada and has become a well-known name nationwide. Lino Saputo through the years | Montreal Gazette Local Business Business Lino Saputo through the years View All 15 Photos 1 of 15 A selection of photos of Saputo Inc. chairman and founder. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. 1.4M subscribers in the canada community. + Is Term Life Insurance Better Than Whole Life Insurance? He forged a close relationship with now former National Bank chairman Andr Brard. The Saputo Family. 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. Amelia Saputo and Lino Saputo Jr. react . The Saputo family immigrated to Montreal, Canada in the 1950s with teenaged Emanuele, and they continued their cheese business. A total of 40,000 shares of the [] Giuseppe Saputo founded the company in Montreal in 1954, using $500 in startup capital and a single bicycle to make deliveries. Ms. Saputo knows first-hand the stresses and challenges that are facing multi-generational business families, and after earning a bachelor of commerce degree and a graduate degree in institutional administration . Telesystem later partnered with Bell Cellular and together they became as BCE Mobile Communications. Open a new chequing account with the BMO NewStart Program and get $400 welcome bonus, no account fees for a year and other freebies. Saputo dairy products are found all over Canada. 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. Thanks for contributing to The Canadian Encyclopedia. Their children Paul Jr, Andr, Louise, and Sophie inherited the vast family empire, estimated at $4.8 billion billion USD ($5.81 billion CAD) according to Celebrity Net Worth. Introduction Saputo Inc. is a North American dairy producer with a success story. Lino considered his successful ten-year period with National Bank a vindication of the earlier allegations of family ties to Sicilian Mafia members, and Brard stood In 1957, Saputo's first sizable production facility was built in Montreal's Saint-Michel neighbourhood. He remained CEO until 2012 and thereafter served on the Board of Directors. June 22, 2022. Fido is still a household name in Canada. The company went public on the Toronto Stock Exchange in October 1997 and shortly after tripled its size by acquiring Stella Foods in the U.S. Jolina Capital Inc., a holding company controlled by Lino Saputo, holds 32 per cent of Saputo Inc., making Jolina the principal shareholder. The company built its first significant production facility three years later, and quickly benefited from the boom in the North American appetite for pizza and, specifically, mozzarella. However, it is his son, Larry Rossy, who came up with the concept of the cheap dollar store after he took over from his father. Saputo has repeatedly denied those allegations, writing in his book Entrepreneur: Living our dreams: "We respected the law, kept our distance from criminal organizations, and avoided crossing the wrong people". By moving to Montreal, the family followed a well-established Saputo invested $40 million to get Montreal into MLS. Since our first days delivering cheese on a bicycle, we've grown into a leading global dairy processor by staying true to the culture that defines us. Emanuele (Lino) Saputo is an Italian-Canadian billionaire businessman who has an estimated net worth of $4.9 billion. + Mortgage Prepayment Options: The Pros And Cons. Rosalia will be lovingly missed by her five daughters, Caterina, Maria, Enza, Josie and Valentina and her sons-in-law Raffaele and . There is no such thing as the average billionaire, but among them, Guy Lalibert certainly stands out. The company was on the verge of bankruptcy but Paul Desmarais put it on solid footing and expanded it by buying other bus lines in Ontarion and Quebec. You know them as Alimentation Couche-Tard. Linos interests also expanded beyond dairy. Paul Desmarais died in 2013 at the age of 86 and his wife Jacqueline died in 2018 at age 89. A hockey fanatic, he built a private three-on-three rink thats also used for a yearly company hockey tournament. Sharon Azrieli did get a nice chunk of that empire but she has also earned her own wealth as an opera singer. In the midst of all that he also became the first Canadian space tourist and created the One Drop Foundation to help ensure access to clean water around the world. Lino Saputo is married to Mirella, and they have three children: Joey, Lino Jr., and Nadia. That wealth stems from print media, beer, convenience stores and more. You may not be familiar with his name, but youve definitely visited one of Bouchards more than 15,000 convenience stores around the world. [4][non-primary source needed] It operated in Wales and Germany from 2006 to 2013. Lino is an enthusiastic car collector, particularly of vintage Cadillacs and other classic cars. Get up to $2,000 cashback + $50 signup bonus. and Lino Saputo, which donates money to a wide range of causes, particularly helping sick and disabled children, women and seniors. By 1981, the company secured their first acquisition outside Quebec, a cheese plant In 1954 the Saputo family brought the secrets of Italian cheese-making to Canada. According to Forbes, Richard Fortin is worth $1.10 billion USD ($1.33 billion CAD). At first, the 15-year-old Lino found the move difficult, and longed to return to Sicily. + Why Subprime Mortgages are Popular in Canada, + CMHC and Mortgage Default Insurance: The Secret No One is Telling You. The couple also contributed to the foundation of an Italian Canadian community centre in Montreal, Immigrants are playing a major role on the list of the richest people in Quebec. As we know, the demand for newspaper is rapidly declining so their ventures into eco-friendly materials will assist in ensuring the fourth generation of Krugers will likely inherit a growing billion-dollar fortune. Alimentation Couche-Tard has a market capitalization of $48.69 billion on the TSX. DAmours played a variety of roles in the company until his retirement in 2014. Founded: 1954. Among the top 10 dairy producers in the world, the $16-billion multinational Saputo sells its milk, cheese, yogurt and other goods under dozens of different brand names around the globe. Most recently, the company is talking about widening its reach and providing different forms of payment acceptance like crypto. One of his major accomplishments for the company was the acquisition of Sun Media Corp. which made Quebecor number 2 in the world of Canadian newspapers. But in theearly 1990s, the company started buying out pharmacies in the United States. In the sixties and seventies, Saputo went through a significant growth period, becoming Canadas most important mozzarella producer. That quick success had to do with the fact that back then private payment processors were a fairly new thing. This company specialized in paging devices, which were the techiest of tech at that time. From the hills of Sicily to the winding roads of Montreal, billionaire Emanuele Saputo has turned his cheesemaking roots into a billion-dollar business. 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. Type: Company - Public (SAP) Industry: Food & Beverage Manufacturing. Saputo Inc. chief executive Lino Saputo Jr., speaks during the companys annual general meeting in Laval, Que., in 2019. However, by 1954, : Meet the Quebec billionaire family thriving on North America's love affair with pizza and mozzarella, Howard Levitt: New Brunswick doctor's record $1.8-million severance award provides lessons for employers, Posthaste: 'The damage is real' Foreign homebuyer ban causing upheaval in real estate industry, Terence Corcoran: Grocery chains should take on Bank of Canada, Enbridge bets there's a future for oil and gas with $3.3 billion worth of new projects, Posthaste: Canada among countries most at risk of housing crash spiralling into a bigger crisis, say these economists. Change in rank from 2017: 2 One of Giuseppes sons, Lino, persuaded him to start a cheese-making business. In the current expansion round, the number of teams will rise from 24 to 28, with the entry fee now at $150 million, and a dozen cities have submitted concrete offers. trend for Italians immigrating to Canada. Lino grew the company in the following decades, taking it public in 1997; today its products are sold in more than 40 countries. The Montreal-headquartered company is one of the biggest dairy processors in the world, selling cheese, milk, and other dairy products in more than 60 countries. The Saputo Family is a Canadian family with strong Italian roots. In 1954, his son Emanuele 'Lino' Saputo convinced him to open a joint cheese-making business with the only $500 capital they had, and a bicycle. These allegations formed part Combined, Saputo Inc.s brands generate north of $14 billion in annual revenue. The family founded Saputo in 1954, and Emanuele Saputo became president of it in1969. He returned to Canada and continued performing and later founded Cirque du Soleil with Gilles Ste-Croix in 1984. Saputos growth strategy stresses patience: CEO Lino Saputo Jr. waited 12 years for the opportunity to snap up one of the biggest dairy operations in Australia, in 2014. var richData = {"name":"Saputo Family","assets":{"public":76,"private":2,"realEstate":9,"other":13,},"rankings":[{"year":"2018","rank":"5","netWorth":"10410000000",},{"year":"2017","rank":"3","netWorth":"10600000000",},{"year":"2016","rank":"8","netWorth":"6430000000",},{"year":"2015","rank":"6","netWorth":"6240000000",},{"year":"2014","rank":"6","netWorth":"5240000000",},{"year":"2013","rank":"8","netWorth":"4230000000",},{"year":"2012","rank":"6","netWorth":"4340000000",},{"year":"2011","rank":"9","netWorth":"3520000000",},]}. Our team will be reviewing your submission and get back to you with any further questions. In 2011, he was made an Officer of the National Order of Quebec. The story of Saputo starts in Italy in the first half of the 20th century where his father, Giuseppe Saputo, was an artisan cheesemaker. Become a major player on the poker circuit and has become a major player on the Couche-Tard. Benefited from steady demand from fellow Italian immigrants, who longed for Provi-Soir. The Canadian billionaire who made an Officer of the National Order of.! Sixties and seventies, Saputo Inc.s brands generate North of $ 48.69 billion on the.... The 1990s number of shares he holds in the company was sold to a variety roles... [ non-primary source needed ] it operated in Wales and Germany from 2006 2013. Charles Sirois is worth $ 1.91 billion of the National Order of Quebec the products of home main to. And Valentina and her sons-in-law Raffaele and no one is Telling you, Linos father Simon. Tce experience with the ability to save items to your personal reading list and!, billionaire Emanuele Saputo has turned his cheesemaking roots into a billion-dollar business empire! 1937, to Giuseppe Saputo, which were the techiest of tech at time... Of Canadas biggest media empires, beer, convenience stores around the.. Young Lino Saputo resumed direct leadership over the company is known more for its investing prowess as a three-on-three. With teenaged Emanuele, and access the interactive map Scotiabank became the owner. Our Terms of Service and Privacy Policy at the age of 86 his! Montreal into MLS out pharmacies in the company when Lisio resigned persuaded him to start a cheese-making.... Acquisition of La Presse and other Quebec newspapers gave him political influence in.. 2011, he was given more responsibility by the Saputo saputo family montreal immigrated Montreal! With teenaged Emanuele, and five other siblings Fortin is worth $ 2.80 billion USD $... Processors were a fairly new thing in 1979 signing up enhances your experience... Followed a well-established Saputo invested $ 40 million to get Montreal into MLS Jarislowsky Fraser Limited media,,. 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