Saputo Inc (SAP.TO), one of Canada's largest dairy producers, has an eye on Brazil for possible acquisitions, and could make deals worth as much as C$3.5 billion ($2.67 billion), its chief executive said on Thursday.
The struggling global dairy industry is fragmented, potentially yielding opportunities, CEO Lino Saputo Jr. said.
The company would like to buy cheese-making plants in Brazil, instead of continuing to move cheese into the market from Argentina, he said.
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