Saputo to shutter Wisconsin cheese factory
by The Canadian Press
Dairy company Saputo says it is integrating the Wisconsin facility's production into a new blue cheese plant near Minneapolis
With 25 plants in Canada and 55 worldwide, Saputo is Canada’s largest dairy
The Montreal-based company says the closure will improve its operating efficiency by integrating production into a new blue cheese plant 430 km west of the site in an area near Minneapolis.
The employees will be provided severance, outplacement support and some may be able to transfer to other Saputo locations.
The closure is expected to cost $22 million after taxes, including a writedown of about $7 million to be booked at the end of the 2017.
Annual savings are expected to reach $7 million in about two years.
