Saputo closing three Canadian plants to cut costs, impacting 230 employees

MONTREAL – Saputo Inc. says it will close three plants in Eastern and Atlantic Canada employing some 230 workers after next year in a proceed to spend less and boost efficiency.

The Montreal-based dairy processor and cheese maker said its plant in Sydney, N.S., will close in June, followed by another in Princeville, Que., in August. A third facility in Ottawa will close in December 2017.

Production will be diverted with other Saputo facilities.

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The move announced Tuesday is expected to save $9 million annually by fiscal 2019.

Meanwhile, Saputo plans to invest about $32 million in other locations over the next two years.

Saputo may be the largest cheese manufacturer in Canada and something of the top ten dairy processors on the planet.