Saputo | Saputo to close 6 US plants

Canadian dairy manufacturer Saputo Inc. revealed while reviewing its 2024 fiscal results that it plans to close six facilities in the United States.

The company said its priorities in the US sector include transforming its cheese network, as well as closing facilities in Lancaster, Wis., Green Bay, Wis., Tulare, Calif., and South Gate, Calif. Saputo said its plants in Big Stone, SD, and Belmont, Wis., already closed.

Part of the dairy company’s plan in the US also includes the continued ramp up of its automated cut-and-wrap facility in Franklin, Wis.

Saputo’s financial report noted its US sector priorities include strengthening its innovation pipeline, developing new products, continuing to grow brands and expanding volume “with key customers.”

Lino A. Saputo, chair of the board, president and chief executive officer, said the company delivered a “solid performance” in the fourth quarter of 2024, despite a “negative $61 million impact from USA market factors and $15 million of duplicate operational costs” in its US sector.

In fiscal 2024, the company reported $4.545 billion in revenues, up $77 million or 1.7%.

“Looking ahead to fiscal 2025, we can’t help but be optimistic,” Lino A. Saputo added. “Dairy commodities, while still volatile, are improving, and we are executing on our global strategic plan. We have already started to see the benefits in our results from our major capital projects, and we expect for them to increase through FY25 and accelerate in FY26”.

You can now read the most important #news on #eDairyNews #Whatsapp channels!!!

🇺🇸 eDairy News INGLÊS: https://whatsapp.com/channel/0029VaKsjzGDTkJyIN6hcP1K

Look also

Rising Butter Prices Give European Consumers and Bakers a Bad Taste

The price for the butter so essential to the pastries has shot up in recent months, by 25% since September alone, Delmontel says.

You may be interested in

Ag observer says dairy industry is up against many challenges in the year ahead

Rising Butter Prices Give European Consumers and Bakers a Bad Taste

The shape of things to come: Global dairy markets

Topics |
Saputo

Legal notice about Intellectual Property in digital contents. All information contained in these pages that is NOT owned by eDairy News and is NOT considered “public domain” by legal regulations, are registered trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the rules contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable rules. Any claim arising from the information contained in the eDairy News website shall be subject to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentina, with seat in the City of Córdoba, excluding any other jurisdiction, including the Federal.