date:Feb 26, 2013
Saputo Inc. plans to close its two cheese processing plants in Europe, one located in Heiden, Germany, and the other located in Newcastle Emlyn, Wales in the United Kingdom, and exit the European market. The U.K. closure is subject to a 30-day consultation period before the effort is finalized.
Since acquiring the businesses, Saputo has aimed to penetrate the European market and get a better understanding of its realities and dynamics, the company said in a statement. The past few years have be