The Stella D’oro factory on West 237th Street in the Bronx will close
in October, the baked goods company’s owners announced today. Brynwood
Partners, a Greenwich, Conn.-based private equity company that purchased Stella
D’oro in 2006, made the decision to close the factory. A federal judge
last week ordered the company to reinstate 134 workers who had been on
strike since mid-August. The company’s owners had demanded wage and
benefit reductions to make the factory profitable. The company’s
operations will move elsewhere after the factory closes, a company
statement indicated. [more]