Brief: Saputo Announces Network Optimization Initiatives In Its Usa Sector

Saputo

02/11/2023 12:31

Nov 2 (Reuters) - Saputo Inc  SAP.TO :
    * SAPUTO ANNOUNCES NETWORK OPTIMIZATION INITIATIVES IN ITS
USA
SECTOR
    * SAPUTO INC: PERMANENT CLOSURE OF ITS LANCASTER, WISCONSIN,
FACILITY
    * SAPUTO INC: INTENDS TO TRANSITION PRODUCTION FROM ITS
LANCASTER
FACILITY TO REEDSBURG
    * SAPUTO INC: LANCASTER AND BELMONT FACILITIES ARE EXPECTED
TO
CLOSE IN Q4 OF FISCAL 2024
    * SAPUTO INC: COSTS RELATED TO LANCASTER FACILITY CLOSURE
WILL BE
APPROXIMATELY CDN$6 MILLION AFTER TAXES
    * SAPUTO INC: APPROXIMATELY 100 EMPLOYEES WILL BE IMPACTED
BY
LANCASTER FACILITY CLOSURE

Source text for Eikon:  ID:nGNX1KX2mg 
Further company coverage:  SAP.TO 

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