Canadian dairy producer Saputo is considering possible acquisitions in Australia, the US, Canada and Latin America.
Saputo chief executive officer Lino Saputo Jr was quoted by Reuters as saying that the company's potential acquisitions in the US alone could cost less than C$100m ($91m) to as much as C$4bn ($3.7bn), Saputo said in a conference call for quarterly results.
"The US industry still is very fragmented. So I think there are some great opportunities for us that could be small, medium or large," he noted.
The Canadian dairy producer is also looking to further expand in Canadian market with new acquisitions worth around C$100m, while strengthening its position in Australia, Saputo added.
In addition, the company is looking for acquisitions in Latin American countries such as Brazil.
In February this year, Saputo acquired 88% of Australia's Warrnambool Cheese and Butter Factory Company Holdings.
