Saputo plans call for US plant closings

[Pete-zza]

For our U.S. Saputo cheese fans, see:

https://www.foodbusinessnews.net/articles/26239-saputo-plans-call-for-us-plant-closings?utm_source=Sosland+Morning+Brief&utm_medium=Newsletter&oly_enc_id=0129D5741501I9E

Peter

[TXCraig1]

This article says the closures are going to increase EBITDA by $100M on top of the $145M increase from the previous closures. They must have had a crazy big overcapacity.

https://finance.yahoo.com/news/saputo-says-total-six-us-152613682.html

[jsaras]

It'll be a very sad day if I can no longer source Saputo.  All the other cheeses at Restaurant Depot are a significant step down. 

[scott r]

do they sell poly-o at your RD?

[jsaras]

No.  It's either their house brand (Supremo something or other) and maybe Bel Gioso.

[TXCraig1]

Not at mine either. Luckily, a GFS just opened near my house, and they have Grande. Not sure for how long though. I don't think they understood how inexpensive groceries are in Houston and have pretty much priced themselves out of the retail market. I don't think I've ever seen more than one or two people in the store.

[scott r]

That's a bummer.  I also hear that they source their supremo Italiano from different companies depending on what part of the country the store is located.