MONTREAL – Saputo Inc. says it will close three plants in Eastern and Atlantic Canada employing some 230 workers after the coming year in a move to spend less and boost efficiency.
The Montreal-based dairy processor and cheese maker said its plant in Sydney, N.S., will near the coast June, accompanied by another in Princeville, Que., in August. Another facility in Ottawa will near the coast December 2017.
Production will be diverted to other Saputo facilities.
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The move announced Tuesday is anticipated to save $9 million annually by fiscal 2019.
Meanwhile, Saputo plans to invest about $32 million in areas over the next two years.
Saputo may be the largest cheese manufacturer in Canada and one of the top 10 dairy processors in the world.
