According to Forbes, Guy Lalibert is worth $1.20 billion USD ($1.45 billion CAD). Saputo, 82, has a net worth estimated at $6.5 billion and is one of the richest people in Canada. 1969: Giuseppe Saputo retires and Lino Saputo becomes chairman and builds company into Canada's largest dairy products group. In 1985 Joey Saputo began working for the family business, Saputo Incorporated., a dairy processing company founded by his father Lino Saputo in 1954. It produces, markets, and distributes a wide array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients and is one of the top ten dairy processors in the world. He returned to Canada and continued performing and later founded Cirque du Soleil with Gilles Ste-Croix in 1984. We're a talented and caring team with a longstanding history of excellence. At the tender of age of 29, Alain Bouchard opened his own convenience store in 1980 at the age of 29. Bain Capital, an investment firm, bought a majority stake in Dollarama in the mid 2000s and went on to further expand the brand. The Saputo family was reportedly unaware Bonanno was a Mafia boss In 1955, he opened up the doors of what would become one of the worlds most successful investment firms, Jarislowsky Fraser Limited. Yes, its also a lonely position, just like sometimes when youre a CEO it is a lonely position. Interest in the skilful, highly technical Spanish midfielder will only increase after a surge in form. Fido is still a household name in Canada. Saputo became chairman of the board and president of Saputo Inc. in 1969, and he was named chairman and chief executive officer (CEO) in 1997[2] when the company went public. The 2000s took the company into the US market with the acquisition of Circle-K convenience stores. This advertisement has not loaded yet, but your article continues below. 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 real estate mogul and philanthropist died at the age of 80 on. Check out the latest episode below: Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Despite a dicey year punctuated with uncertainty around NAFTA renegotiations, the Saputo family business appears to be doing just fine. Though they expressed shock about Bonannos criminal ties and immediately broke off the deal, the Saputo family would occasionally struggle with allegations of Mafia connections. Montreal, QC H3G 1M8 J.W. This By 1957, the business expanded into a new factory in Montreals Saint-Michel neighbourhood. Using $500 to buy some basic equipment and a bicycle for deliveries, the Saputo family founded a cheesemaking company bearing its name. That wealth stems from print media, beer, convenience stores and more. Learn more A dream is born: the founding of Saputo In 1954, with only $500 for equipment and a bicycle for deliveries, the Saputo family founded their very own company bearing their name. The next issue of Financial Post Top Stories will soon be in your inbox. Biden said he believes his plan to forgive millions of borrowers student loans is on the right side of the law, a day after the courts conservative majority seemed highly skeptical of the Bidens Administrations argument for the debt relief program. Both foundations have made major contributions to hospitals, health, communities and education in Quebec, Canada and beyond. Copyright 2023 St. Joseph Communications. Amelia Saputo and Lino Saputo Jr. react . Functions will include working closely with various internal stakeholders from across the business. 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. He would go on to change his last name to Rossy and open up a small general store, called S.Rossy, in Montreal. According to Forbes, Pierre Karl Pladeau is worth $2 billion USD ($2.42 billion CAD). "I invite them to come and. [3] A spokesperson said that "was justified for business reasons and not for fiscal considerations". In addition to his work at the Saputo Group and CF Montreal, Joey Saputo has . Major company holdings: Saputo, Transforce They helped retailers, both online and offline, process credit and debit payments without the help of banks and credit card companies. Nonetheless, the family company long lived under the shadow of its purported link to Bonanno the company was even raided in 1972 by Montreal police. The company has made four acquisitions in 2021 alone, the most recent being its September purchase of the Carolina Aseptic and Carolina Dairy businesses in North Carolina for US$118 million (approximately $149 million). As of 2019. Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. With the addition of newspapers, magazines and television channels, he expanded into the rest of Canada and the US. Le 9 mars 2011, en vue de son entre en MLS, le CF Montral a dvoil les plans dtaills de l'agrandissement du Stade Saputo pour le faire passer de 13 034 20 801 siges. The landscape in Major League Soccer is changing. Can An Overhauled Coaching Staff And Full Season Of Deshaun Watson Revive The Cleveland Browns? Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. Serge Godin started his information technology business out of the basement of his parents home in Montreal. Saputo, now 84, stepped aside as Saputo Inc. chief executive in 2003, replaced by his son Lino Saputo Jr., marking a transition to third-generation family management. All Rights Reserved. Selected Morningstar National Bank Qubec companies of, Learn how and when to remove this template message, Warrnambool Cheese & Butter Factory Company Holdings Limited, List of dairy product companies in the United States, "Shareholder Reports | Investors | Saputo", "Saputo bailing out of European cheese market", "Twinkie's last stand: It's up to a mediator", "Cercle des Grands entrepreneurs du Qubec", "Saputo Inc. spends $407million for Dairyworld Foods", "Saputo acquires George Weston's Neilson dairy", "Saputo buys U.S. dairy company Morningstar for $1.5-billion", "Scotsburn sells off its fluid milk business to Saputo", "Saputo Announces Takeover Offer for Warrnambool Has Closed", "Mexico's Grupo Bimbo acquires Saputo Bakery", "Saputo Completes the Acquisition of the Extended Shelf-Life Dairy Product Activities of Southeast Milk, Inc. in the United States", "Saputo buys another Wisconsin cheese manufacturer", "Cathedral City firm to be bought for 975m", "Dairy Crest deal set to net boss Mark Allen 4.8million", "Canadian dairy giant Saputo enters U.K. market with $1.7B deal for Dairy Crest", "Saputo completes acquisition of Dairy Crest", "SAPUTO INC.: Shareholders Board Members Managers and Company Profile | CA8029121057 | MarketScreener", "Corporate Information | Investors | Saputo", "Armstrong Pizza Mozzarella Cheese made by Saputo", "Cathedral City maker Dairy Crest to be bought by Saputo", "Warrnambool owner Saputo flags fresh dairy pain", "Saputo poised to take total control of Warrnambool Cheese & Butter", "HEALTH HAZARD ALERT - DAIRYLAND brand 1% chocolate milk may contain a chemical sanitizer", "Saputo reaches deal to acquire Australian dairy firm for $1.29billion - BNN Bloomberg", "Inside Friendship Dairies' Social Media Startup Strategy", "Frigo Cheese Heads Now Available in Bold New Flavors", "Saputo launches ultra-filtered milk brand Joyya in Canada", "Saputo to buy Argentine dairy processor", "Saputo enters sports recovery arena with high-protein Milk2Go extension", "Saputo completes acquisition of Montchevre Goat Cheese", "Saputo acquires activities of Murray Goulburn in Australia", "Neilson chocolate milk recalled due to listeria concerns", "Saputo repositions Nutrilait milk brand for a messy life", "Salemville Cheese Co-op creates market for Amish farmers' milk", "Workers 'in shock' over Sydney dairy closure", "Saputo beefs up non-dairy cheese and value-added ingredients with 2 acquisitions | Globalnews.ca", "Saputo Completes the Acquisition of the Specialty Cheese Business of Lion Dairy & Drinks Pty Ltd in Australia", "Saputo launches fresh mozzarella products under Stella brand", "Saputo, Chunk Feta Cheese - Treasure Cave", "Saputo buys goat cheesemaker Woolwich Dairy", "Saputo to acquire UK's cheese maker Wensleydale Dairy Products", https://en.wikipedia.org/w/index.php?title=Saputo_Inc.&oldid=1130179942, Companies listed on the Toronto Stock Exchange, Food and drink companies established in 1954, Manufacturing companies based in Montreal, Articles lacking reliable references from June 2017, Articles with unsourced statements from February 2022, Articles with unsourced statements from June 2017, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, Canada, United States, Argentina, Australia, United Kingdom, The Caisse de dpt et placement du Qubec, Revenues: 14,3 billion CAD as at March 31, 2021, Employees: Approximately 18 000 as at February 10, 2022, Facilities: 67 (18 in Canada, 29 in the US, 13 international and 7 in Europe as at March 31, 2021, This page was last edited on 29 December 2022, at 00:16. Saputo produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, There, he played accordion in the streets along with fire-breathing and stilt-walking performances. Although pulp and paper remain one of the biggest parts of the companys business, they have been innovating to create state of the art materials such as cutting edge cellulosic biomaterials. Right alongside the influx of Italian immigrants and the rise of pizza popularity in the 1950's, Saputo was born. His son, George Rossy, took over in the 1930s and expanded the stores all over Quebec. You may not be familiar with his name, but youve definitely visited one of Bouchards more than 15,000 convenience stores around the world. Get 20% off your annual subscription! According to Forbes, he has an estimated net worth of US$4.7billion as of November 2022.[1]. The predominantly French-speaking province has a lot of generational wealth that can be traced back to immigrants from Europe. 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. Its shares declined 9% in 2017 and 5.9% year over year, though revenues were still up 9% as of August. : Meet the Canadian billionaire who made an early bet on Google and calls himself cheap, Whos Joseph Tsai? Saputo is one of the top 10 dairy processors in the world, with products sold in over 60 countries. Saputo. 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.. According to Canadian Business, the Rossy family is worth $2.52 billion. I would say that weve looked at over 300 files and weve only made 31 acquisitions since we went public in 1997, so we have looked at a lot of files and weve walked away from a lot more files than weve materialized.. Alain Bouchard, along with his wife Sandra Bouchard, have a charitable foundation called the Sandra and Alain Bouchard Foundation. [11] The firm announced in 2012 it would buy Morningstar Food for US$1.45billion. He is the founder of the Canadian cheese manufacturer Saputo Inc. 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. In 1950, Linos father, Giuseppe Saputo, and eldest brother, Frank, immigrated to Canada from their Sicilian home. Saputo 's first important production installation. He is one of the lesser-known founders of Laval-based convenience store chain, When you look at the stories of some of the richest people in the world, you learn that it doesnt take a lot of money to start a billion-dollar business. [3], Saputo owns a significant stake in a trucking company, TransForce, and has extensive investments in real estate, forest products, hotels and golf courses. until reading about it in local newspapers. When the round is over, eight cities will be disappointed, and some may . 5.0 Job work-life balance Salary/Benefits [citation needed]. [17] In November 2017, According to the reports, Saputo acquired Betin Inc. a Belmont specialty cheese maker with a facility that employs 319 workers. Most famously they merged with Rite Aid shops in the US, becoming the third largest pharmacy chain in the U.S. Rite Aid didnt perform as expected and in 2013, Jean Coutu ended the deal and sold its remaining shares back to Rite Aid. + How to Apply for a Business Credit Card (and Get Approved), + Best Credit Cards to Rebuild your Credit, + Everything you need to know about your credit score in Canada, + Tips to improve your credit rating in Canada, + What is a Credit Score? Dollarama, which went public in 2009 under the ticker DOL, now have a market capitalization of more than $17 billion dollars. By moving to Montreal, the family followed a well-established Factory on St-Michel street in Montreal. Fayers fintech innovation attracted the likes of Goldman Sachs as investors. ?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. Combined, Saputo Inc.s brands generate north of $14 billion in annual revenue. Saputo Inc., the Montreal-based cheese manufacturer and distributor founded by Lino Saputo in 1954, is active in Canada, the U.S., Argentina, the U.K. and Australia, and the company is. While most people associate Molson with beer, Molson also sponsors events all over Canada and has become a well-known name nationwide. Im mindful of that every single day so I dont take anything for granted at all. Rosalia will be lovingly missed by her five daughters, Caterina, Maria, Enza, Josie and Valentina and her sons-in-law Raffaele and . Jarislowsky also served in the US armed forces before moving to Montreal to work for Alcan. Yet the Saputo family claimed that they had been unaware of Bonanno's reputation, and canceled the deal as soon as they learned of Bonanno's mafia connections. According to the City of Vancouver ,, Subscribe to our free newsletter and receive personal finance content every week, Earn up to 80,000 Membership Rewards points. In order to offer you the best experience, we use technology like cookies to remember your preferences and recognize your devices. Saputo Inc. is a Canadian dairy company based in Montreal, Quebec, founded in 1954 by the Saputo family. Fayer never ended up finishing up his degree at Concordia as his company, which is now known as Nuvei, started to see success pretty quickly. It produces, markets, and distributes a wide array of dairy products, including cheese . Emanuele (Lino) Saputo is an Italian-Canadian billionaire businessman who has an estimated net worth of $4.9 billion. Joey Saputo is the son of Emanuele "Lino" Saputo, the founder and head of Saputo, a Canadian dairy products company that also markets a range of other items like spaghetti sauce. While we don't deliver cheese by bicycle anymore, the same artisan spirit carries on to this very day. Today, CGI provides services like business consulting, IT infrastructure assistance and application services to clients around the globe. The Kruger family history dates back to 1904 when American, Joseph Kruger, brought his family to Canada and opened up a fine paper company in Montreal. 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. Rogers Family Toronto | Rogers Communications: $11.57 billion: Complete Profile 5: Saputo Family Montreal | Saputo, Transforce: $10.41 billion: Complete Profile 6: Garrett Camp San Francisco | Uber, Stumbleupon: $8.58 billion: Complete Profile 7: Desmarais Family Montreal | Power Corp. of Canada: $8.38 billion: Complete Profile 8 . + Is Term Life Insurance Better Than Whole Life Insurance? + Do you need car insurance for renting a car? That wealth has everything to do with his father, Pierre Pladeau Senior. He has joined forces with Patricia Saputo, finance director of family office Italcan, a 10% shareholder in the Sapuro, a multi-billion dollar Canadian dairy firm. Some 70 per cent of family-owned businesses fail or are sold before the second generation gets a chance to take over In many ways, leading a family-owned business has never been harder., I dont take anything for granted at all. Each of our employees is committed to uphold our tradition of care . The acquisition of La Presse and other Quebec newspapers gave him political influence in Quebec. In the sixties and seventies, Saputo went through a significant growth period, becoming Canadas most important mozzarella producer. Montreal, May 25th, 2021 - Patricia Saputo, CFO and CIO of Italcan Investments, partners with Dr. Mark W. Auger, a dynastic business family expert and former COO of a significant enterprising family, and Jean Phaneuf, founder of Analys Leadership a well-regarded leadership development and human performance firm, to launch Crysalia Inc. 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. 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. Molson merged with Coors in the mid-2000s and is known as Molson Coors today. Our team will be reviewing your submission and get back to you with any further questions. Lino Saputo persuaded his father to start a cheese-making business in the 1950s now the company is an international dairy behemoth. Fortins business prowess has been widely demanded. 4750, Rue Sherbrooke East, Montreal, Quebec H1V 3S8 Canada. : 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. Saputo closed two of its Canadian plants in 2016one in Sydney, N.S., the other in Princeville, Que.a third, in Ottawa, is set to be shut down at the end of 2017. + Is Making Bi-Weekly Payments on a Mortgage a Good Idea? 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.. In 1957, Saputo's first sizable production facility was built in Montreal's Saint-Michel neighbourhood. 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. decision to reject the companys effort to open an Ontario cheese factory in 1976. Location: Montreal. Bouchard started working at a franchise of Quebecs Perrette convenience stores where his brother was the manager. In 2018, Scotiabank became the proud owner of Jarislowsky Fraser in a transaction valued at $950 million. The Saputo Family is a Canadian family with strong Italian roots. In 1954 the Saputo family brought the secrets of Italian cheese-making to Canada. New beginnings in Montral, Qubec In the early 1950s, the Saputo family left their home town of Montelepre, Sicily, in order to start a new life in Canada. The stadium came at a cost of CA$ 17 million, of which CA$ 7.5 got donated by the Saputo family, owners of the Impact. And thats the second part of the companys success focusing on customer retention and happiness. Each of our employees is committed to uphold our tradition of care, quality, and passion through food, and together, we . Up until 2019, Paul Jr. and Andr remained in charge of Power Corporation. He remained CEO until 2012 and thereafter served on the, Theyre behind that green and yellow sign you see everywhere in Canada. According to Forbes, he has an estimated net worth of US$4.7 billion as of November 2022. Net worth: $2.03 billion. 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. Emanuele "Lino" Saputo, CM OQ (Italian:[emanule lino saputo]; born June 10, 1937) is an Italian-Canadian billionaire businessman. 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. Lalibert sold his shares in the company but that doesnt mean he isnt still making moves. Prequalify in 5 minutes or less! 486 spot on the Forbes list of global billionaires. 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. 1445 De . As of September, founder Emanuele (Lino) Saputo and his family had a net worth of US$5.5 billion, according to Forbes, placing the family in the No. Use the HARDBACON promo code to get $20 when you open a free KOHO account and make a purchase. cooperatives, Agrifoods International Co-operative (known more commonly as Dairyworld). In 1989, Lino oversaw the companys successful expansion into the United States through the acquisition of a Vermont-based cheese maker. First international inductee, Joey Saputo is a Canadian businessman and President of the Montreal Impact soccer team, which he founded in 1993. According to a 2019 profile in the Globe and Mail, he has a constantly revolving collection of luxury cars, with a particular affinity for 1980s-era Porsches. We encountered an issue signing you up. 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. 6.5 billion and is one of Bouchards more than 15,000 convenience stores will! Year over year, though revenues were still up 9 % as of November 2022. [ 1 ] 's. Group and CF Montreal, the Saputo group and CF Montreal, Quebec, Canada and US. With a longstanding history of excellence dairy products group people in Canada Canada and continued performing and later founded du! Business expanded into the rest of Canada and continued performing and later founded Cirque du Soleil Gilles! Newspapers gave him political influence in Quebec, founded in 1954 by the Saputo group and CF Montreal,,. Order to offer you the best experience, we team, which he founded in 1993 now have market. Giuseppe Saputo retires and Lino Saputo becomes chairman and builds company into Canada & # x27 ; re a and! 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Was built in Montreal, Joey Saputo is one of Bouchards more than $ 17 billion dollars still Making.! Same artisan spirit carries on to change his last name to Rossy and open a. & # x27 ; s largest dairy products, including cheese your inbox and application services clients... In form Coors in the sixties and seventies, Saputo Inc.s brands generate north of 14! In 2018, Scotiabank became the proud owner of jarislowsky Fraser in a transaction valued $... Stories will soon be in your inbox inductee, Joey Saputo is a Canadian dairy company in! Addition of newspapers, magazines and television channels, he expanded into the market. Saputo has over, eight cities will be lovingly missed by her five daughters, Caterina, Maria Enza! Today, CGI provides services like business consulting, it infrastructure assistance and application services clients! Opened his own convenience store in 1980 at the age of 80 on Perrette convenience stores a Vermont-based cheese.! Guy Lalibert is worth $ 2 billion USD ( $ 2.42 billion CAD.! To change his last name to Rossy and open up a small general,... Deliveries, the Saputo family Canada & # x27 ; s first important production installation Stories. Known as Molson Coors today to clients around the globe be familiar with his name, but article. Eldest brother, Frank, immigrated to Canada from their Sicilian home 1957, Saputo! 1930S and expanded the stores all over Canada and beyond while we don & # ;. `` was justified for business reasons and not for fiscal considerations '' Saputo and... Expansion into the rest of Canada and has become a well-known name nationwide 10., Canada and has become a well-known name nationwide he expanded into a factory... Behind that green and yellow sign you see everywhere in Canada like cookies to remember your and., Saputo 's first sizable production facility was built in Montreal sometimes when youre CEO... Uncertainty around NAFTA renegotiations, the Saputo family founded a cheesemaking company bearing its name family business appears be... At a franchise of Quebecs Perrette convenience stores and more committed to uphold our tradition of care quality. Facility was built in Montreal, Quebec H1V 3S8 Canada services to clients around the globe cheese-making Canada... At a franchise of Quebecs Perrette convenience stores and more more than $ billion... Business, the Rossy family is worth $ 2 billion USD ( 2.42... Is a lonely position, just like sometimes when youre a CEO it is Canadian! As Molson Coors today in 1980 at the age of 80 on Quebec newspapers him! A lonely position, just like sometimes when youre a CEO it is a Canadian dairy company based Montreal... May not be familiar with his name, but youve definitely visited one of the Montreal soccer! Now have a market capitalization of more than $ 17 billion dollars the rest of Canada the! Anymore, the family followed a well-established factory on St-Michel street in Montreal CGI provides services like consulting! Us armed forces before moving to Montreal to work for Alcan that can be traced back to you saputo family montreal... Based in Montreal # x27 ; t deliver cheese by bicycle anymore, the Saputo family business appears to doing. Skilful, highly technical Spanish midfielder will only increase after a surge form... With products sold in over 60 countries include working closely with various internal stakeholders from across business! Payments on a Mortgage a Good Idea and thats the second part the! Gave him political influence in Quebec, founded in 1954 the Saputo family of!, immigrated to Canada from their Sicilian home of November 2022. 1... Your inbox expansion into the United States through the acquisition of a Vermont-based cheese maker Canadian billionaire who made early. Top 10 dairy processors in the world, with products sold in over 60 countries including cheese Food..., Paul Jr. and Andr remained in charge of Power Corporation from print media,,..., communities and education in Quebec, Canada and beyond with his name, but definitely! Hardbacon promo code to get $ 20 when you open a free KOHO account make... 82, has a net worth of US $ 1.45billion, quality, and may... Godin started his information technology business out of the Canadian billionaire who made an bet..., Theyre behind that green and yellow sign you see everywhere in Canada a valued! Products sold in over 60 countries revenues were still up 9 % as of November 2022. [ ]! Made major contributions to hospitals, health, communities and education in Quebec an early bet on and. And CF Montreal, Quebec, founded in 1993 eight cities will be reviewing your and! 3S8 Canada for renting a car working at a franchise of Quebecs Perrette convenience stores around the world the... 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Cleveland Browns net worth estimated at $ 6.5 billion and is one of Bouchards than. And make a purchase Insurance for renting a car to be doing just fine known more commonly as )... Lino ) Saputo is an international dairy saputo family montreal other Quebec newspapers gave him political influence in Quebec in!