Coffee Holding Co. will close its Comfort Foods manufacturing facility in Massachusetts at the end of the month due to declining Harmony Bay sales. Production will shift to the Second Empire plant in New York for cost savings. The company reported a 27% revenue increase but fell into a $1.2m net loss for the fiscal third quarter. CEO Andrew Gordon cited major supermarket chains reducing shelf space for regional brands as a reason for the decline. Despite this, Coffee Holding remains optimistic about profitability after the move. Comfort Foods’ profits were impacted, prompting the decision to consolidate production in New York.

Read more at Yahoo Finance: Coffee Holding Co. to close factory amid falling Harmony Bay sales