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Bidders for the recently closed Koffee Kup Bakery and subsidiary Vermont Bread Co. are mulling a lawsuit after a court-appointed receiver accepted a last-minute offer Monday to sell the businesses to Flowers Foods, a $4.4 billion maker of national. ....
Canadian baker to buy Koffee Kup, Vermont Bread Co. facilities A Koffee Kup Bakery truck outside the Vermont Bread Co. in Brattleboro on Tuesday. Photo by Kevin O’Connor/VTDigger The Koffee Kup Bakery in Burlington, seen on Tuesday, April 27, 2021, abruptly laid off most of its employees and shuttered the plant. Photo by Glenn Russell/VTDigger Modified: 5/27/2021 10:24:12 PM Atlantic Canada’s largest family-owned bakery is buying the recently closed Koffee Kup Bakery of Burlington and subsidiary Vermont Bread Co. of Brattleboro. Mrs. Dunster’s, a New Brunswick distributor of baked goods across the Maritime Provinces and in Maine, announced its purchase Thursday just hours after receiving approval for incentive money from the Vermont state government to reopen the nearly century-old business. ....
Don t miss the big stories. Like us on Facebook. BRATTLEBORO â State and local officials are mobilizing efforts to stave off the negative impact of Koffee Kupâs decision to shutter its Vermont operations, including the closure of its Brattleboro subsidiary, Vermont Bread Company, that eliminated more than 90 local jobs. The closures were announced suddenly on Monday. According to a Tuesday news release from Dorset Partners, which specializes in âturnaround management and acquisitions,â Koffee Kup had been struggling to make ends meet for the past four years. âFor each of the last four years Koffee Kup has suffered substantial financial losses and was unable to find a way out of their troubles,â states the news release, which came from Jeff Sands, a âturnaroundâ specialist at Dorset Partners and the senior advisor in North America for American Industrial Acquisition Corporation, which acquired a majority of the shares of ....
Don t miss the big stories. Like us on Facebook. BRATTLEBORO â State and local officials are mobilizing efforts to stave off the negative impact of Koffee Kupâs decision to shutter its Vermont operations, including the closure of its Brattleboro subsidiary, Vermont Bread Company, that eliminated more than 90 local jobs. The closures were announced suddenly on Monday. According to a Tuesday news release from Dorset Partners, which specializes in âturnaround management and acquisitions,â Koffee Kup had been struggling to make ends meet for the past four years. âFor each of the last four years Koffee Kup has suffered substantial financial losses and was unable to find a way out of their troubles,â states the news release, which came from Jeff Sands, a âturnaroundâ specialist at Dorset Partners and the senior advisor in North America for American Industrial Acquisition Corporation, which acquired a majority of the shares of ....
Nearly two years in the making, the Canterbury Episcopal Campus Ministryâs new house is almost ready for move-in. The old house, located at the corner of E. Grace Street and S. Main Street, was traded for an empty lot owned by JMU when the school approached Canterbury about buying the property. Karen Grane, president of the Diocesan Missionary Society (DMS) â which deals with real estate for the Episcopal Diocese of Virginia, funding new parishes, churches and renovations â described the sale as a âland swap.â After months of negotiations, the sale went through Nov. 15, 2019. The Canterbury house and land were appraised and valued at $610,000. The empty lot at 622 S. Main St., which was previously used for Canterbury parking, came in at $300,000. JMU agreed to trade lots with the DMS and paid the $310,000 difference. ....