NAFED to contribute and promote ‘International Year of the Millet’ 2023 on global scale
Saputo produces, markets, and distributes a wide array of dairy products
Saputo Inc. has announced capital investments and consolidation initiatives intended to further streamline its manufacturing footprint in its USA sector. This announcement marks the continuation of the company’s network optimization programme that plays an integral role in its Global Strategic Plan designed to enhance operations and accelerate organic growth across its platforms.
The company plans to invest CDN$45 million to convert its long-standing mozzarella cheese manufacturing facility in Reedsburg, Wisconsin, to a goat cheese manufacturing plant to increase capacity, expand our position in growing specialty cheese categories, and improve productivity.
In line with the company’s strategy to modernize its mozzarella operations, current cheese manufacturing from this facility will be transferred to other existing Saputo facilities in the USA Sector, increasing capacity utilization, improving operational efficiencies and reducing costs. Complementing these network optimization activities, Saputo plans to close its existing goat cheese manufacturing facility in Belmont, Wisconsin. Approximately 200 impacted employees from this facility will be provided with financial support including severance. These initiatives will begin in the second quarter of fiscal 2023 and are expected to take up to 18 months to implement.
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