Saputo is plunging into the turmoil surrounding Britain’s withdrawal from the European Union by paying $1.7 billion cash to buy Dairy Crest Group of England.
It is Saputo’s first purchase in England and Europe.
It owns operations across Canada, the United States, in Austalia and Argentina.
Britain's exit from the European Union has not been going well. Prime Minister Elizabeth May said he plans another vote in Parliament on March 12. She lost a previous vote on a deal negotiated with the EU which has repeatedly said it will not budge any more.