By: Bob Meyer
Canadian dairy giant Saputo is going to close four plants. The affected cheese facilities are at New London, Wisconsin, Hancock, Maryland and Wetaskiwin and Glenwood, Alberta. The company says the shutdowns will begin in May with completion by December, 2015.
The company says it would have cost $35 million to update the four plants and has decided to put that money into new assets at other facilities instead. The closures are expected to save the company $4.8 million a year, employees will be offered severance and other support with the possibility of transfer to other Saputo plants.
A year ago the company had announced the closing of two other Canadian plants. Saputo says the moves are part of “the company’s continual analysis of its overall activities.”
Saputo is the second-largest dairy processor in North America along with operations in Europe and Argentina. The company sells products in more than 40 countries.
Last January it won a multi-national bidding war for Australia’s Warnambool Cheese and Butter Company. The Montreal-based company says it is also looking at acquisitions in New Zealand and Brazil.
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