Coffee Holding Company to close the factory amid the sales of the Harmonian Bay

Coffee Holding Co. It is based in the United States to close the Food Manufacture Manufacturing facility in Massachusetts at the end of the month.

Amid the sales of its sales to the Harmony Bay brand, The Whilesale Coffee Roasster and Hearer will transfer production on North Andover to the Empire Second Factory in Port Cesster, New York.

In a statement yesterday (October 8), President and CEO Andrew Gordon said this step “will improve efficiency by providing us with all manufacturing and savings in logistical costs.”

Coffee Holding acquired the site in 2017 as part of the deal that it saw taking comfortable foods.

Last November, the company picked up the New York -based company.

Gordon said that roasting and manufacturing on the eastern coast through the Comfort Foods site “has proven to be a profitable strategy” as the company chose sales in supermarket chains in the region.

“With the continued development of the coffee industry, we started experimenting with a steady decline in sales of the Harmony Bay product line, similar to what most regional brands have seen,” Gordon said. “This is due to the fact that the major supermarket chains were reduced from the shelf area that was once allocated to regional brands in order to absorb the remaining few national brands, and the declarations of advertising they support.”

Gordon added that the profits of Comfort Foods have received products for private products.

However, the company decided to use the New York Production website in North Andover.

Gordon said: “This transfer of the production site will improve efficiency by providing us with all manufacturing and savings in logistical costs. We believe that these operational improvements should have a positive impact on profitability,” Gordon said.

Coffee Holding mentioned a 27 % jump in the revenues of the third quarter of the Malians ending on July 31, but it fell into red after the losses were linked to derivatives.

Sittin Island sales and distributors sales increased to 23.9 million dollars from $ 18.8 million in the period of the year.

Despite the highest growth, the company recorded a net loss of $ 1.2 million per quarter.

By announcing the results last month, Gordon said that the derivative positions led to a negative impact of $ 2.2 million on profitability during this period.

“Coffee Holding Co. to close the factory amid sales of Harmony Bay Just drinkThe brand owned by Globaldata.

Information on this site was included in good faith for public media purposes only. It is not intended to reach the advice that you should depend on, and we do not provide any representation, guarantee or guarantee, whether it is explicit or implicit in relation to accurately or completing it. You must have a professional or specialized advice before taking any action based on the content on our website.