Sector News

Bay Valley Foods plans to close Massachusetts facility

April 6, 2016
Food & Drink

Bay Valley Foods, a wholly-owned subsidiary of TreeHouse Foods, Inc., today announced its intention to close its Ayer, Massachusetts facility. Production is expected to cease in the first quarter of 2017 with full closure of the facility expected in the third quarter of 2017.

The Ayer facility has approximately 100 employees and primarily produces regionally branded and private label spoonable dressings. The facility closure decision is the result of ongoing manufacturing network analysis by the Company to maintain competitive costs, service levels and product quality. Products produced at the Ayer facility will be moved to other manufacturing facilities within the Company’s existing network. The Company does not expect supply disruptions during the transition.

Total costs to close the facility are expected to be approximately $6.5 million, or $0.07 per fully diluted share, of which approximately $5.3 million, or $0.06 per fully diluted share, is expected to be in cash. Components of the charges include non-cash asset write-offs of approximately $1.2 million, employee-related costs of approximately $2.2 million and other closure costs of approximately $3.1 million. The Company expects to incur approximately $1.3 million in charges in each of the second, third and fourth quarters of 2016.

Source: TreeHouse Foods

comments closed

Related News

January 29, 2023

Danone appoints three new deputy CEOs

Food & Drink

Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.

January 29, 2023

PepsiCo Portugal invests €7.5m in biodigester

Food & Drink

PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.

January 29, 2023

Kerry’s fellowship with Upcycled Food Foundation explores future of food waste prevention

Food & Drink

Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.

How can we help you?

We're easy to reach