As part of the Optimize and Enhance Operations pillar of the its Global Strategic Plan, Saputo Inc. announced several major capital investments and consolidation initiatives intended to enhance and streamline its manufacturing footprint in its USA Sector and International Sector. The planned activities are consistent with the previously announced Global Strategic Plan designed to create shared value for all stakeholders.
In the USA Sector, as a first phase, the Montreal-headquartered company said it plans to invest approximately $169 million toward the modernization and expansion of its cheese manufacturing facilities in Wisconsin and California and to support its growth plan in the retail market segment. These initiatives will begin in the fourth quarter of fiscal 2022 and are expected to take approximately 24 months to implement.