US-based Coffee Holding Co. will close its Comfort Foods manufacturing facility in Massachusetts at the end of the month. Amid waning sales for its Harmony Bay brand, the wholesale coffee roaster and dealer will shift production at the North Andover site to its Second Empire plant in Port Chester, New York. In a statement yesterday (8 October), president and CEO Andrew Gordon said the move will “improve efficiencies by providing us with both manufacturing and logistical cost savings”. Coffee Holding acq ...

Core Viewpoint - Martela Corporation is implementing plans to enhance and reorganize its operations to address adverse market conditions and adjust its cost structure, with a focus on improving efficiency and reducing fixed costs [1][2][3] Group 1: Operational Changes - The company plans to improve the efficiency of operations and removal services, with anticipated annual savings of approximately EUR 0.5-0.7 million, partially realized in 2025 and fully effective in 2026 [2] - The planned measures will result in a permanent reduction of about 30 jobs, affecting personnel in Finland, and involve closer cooperation with external service providers [2] Group 2: Financial Performance - Martela's financial performance has been unsatisfactory, with a challenging market situation in recent years, necessitating the planned adjustment measures to ensure competitiveness and reduce costs [3] - The company is also focusing on optimizing working capital as part of its overall strategy [3] Group 3: Company Overview - Martela Group employs approximately 350 people across Finland, Sweden, Norway, and Poland, and specializes in user-centric working and learning environments [4]