Cheese Prices Lead to Plant Closure

Andy VanceCheese, Competition, Dairy Business

Saputo Inc. is shutting down its cheese making operations in Peru, Indiana as part of a company strategy to respond effectively to market volatility in the US cheese market. The plant will close this week, affecting 71 employees who will be given the opportunity to transfer to other company plants. The company expects costs associated with the shutdown to be minimal and the overall impact on the bottom line to be neutral.