Dairy processor commits $2.1M to healthy lifestyles
Saputo invests 1% of its pre-tax profits each year in community programs
Montreal – Saputo Inc. announced the renewal of its long-standing partnership with the Grand défi Pierre Lavoie, a non-profit organization representing one of the largest health movements in Québec.
Saputo, a leading cheese manufacturer and fluid milk and cream processor in Canada, is contributing more than $2.1 million over four years to fund two signature events: La Course, a 270-km youth running relay, and the 1000 KM cycling relay, the upcoming edition of which is taking place from June 13 to 16, 2019.
“Saputo is committed to promoting healthy lifestyle habits for our employees and our communities, and the GDPL helps us deliver on this promise,” said Sandy Vassiadis, vice president, Communications and Corporate Responsibility.
Pierre Lavoie, Founder of the GDPL, said Saputo has been supportive of the non-profit’s mission. “In 2018 alone, we had over 527,000 participants take part in our challenges and I am thrilled to further pursue our adventure towards a healthier Québec with Saputo and their employees by our side,” said Lavoie.
Saputo said the company strives to invest 1% of its pre-tax profits each year in community programs and organizations that promote a healthy lifestyle.
The company reports Q4 revenues reached $3.237 billion and net earnings totalled $124.2 million, down 4.5% as compared to the same quarter last fiscal year.