other material
confidence high
sentiment neutral
materiality 0.50
Coffee Holding to close North Andover, MA facility; expects annual savings of $700k
COFFEE HOLDING CO INC
- Company to close Comfort Foods North Andover, MA manufacturing facility at end of October 2025.
- Facility acquired in 2017 for $2M; sales declined due to reduced shelf space for regional brands.
- Production moving to Second Empire facility in Port Chester, NY after recent acquisition.
- Closure expected to yield annualized net savings of approximately $700k in overhead.
- CEO Andrew Gordon cites improved efficiencies and positive impact on profitability.