The Real Deal New York

Posts Tagged ‘stella d’oro’

  • Nonni’s may buy Stella plant

    August 21, 2009 02:51PM

    Nonni’s Food Corporation, best known for its biscotti, is reportedly in talks to buy the Stella D’Oro plant on West 237th Street in the Bronx, which is slated to close in October. Nonni’s Old London Foods already has a factory in the Bronx. The Stella employees’ union ended a deal for company owner Brynwood to sell the operation to Lance Foods, but sources told the New York Post the union may be more amenable to a deal with Nonni. [more]

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  • 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]

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