Hockey apparel and equipment maker The Hockey Company, is to close three manufacturing plants - two in Quebec and one in Ontario - by the end of December in an attempt to eliminate excess capacity.

In a third-quarter earnings statement the firm said the plant closings would cost US$2.5 million. The number of job losses has not been disclosed.

For the nine months to 30 September the company swung to a profit of of $700,000 compared with a net loss of $7.6 million in the same period last year. Net sales increased 6 per cent to $151.4 million compared with $143 million.