Theo Chocolate announces merger, plans to close Seattle factory

📆 30/06/2023 01:31:00
📰 fox13seattle

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Seattle's Theo Chocolate announced a merger with the American Licorice Company (ALC) that will lead to the closure of Seattle-run operations. FOX13

Once a local Seattle company, Theo chocolate will now be joining the ALC's organic and better-for-you brand portfolio. According to a press release by Theo, it maintains its commitment to serving customers organic and ethically-sourced chocalate.

"Like other businesses, we are contending with rising costs across all aspects of our manufacturing and supply chain, requiring us to change. We’ve had to make some tough but necessary decisions to ensure the company's long-term viability," said Etienne Patout, CEO of Theo Chocolate.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Seattle-based company Theo Chocolate to close factory, lay off around 60 employeesThis will see the company close manufacturing in Seattle and lay off around 60 employees, which it says is “necessary to ensure the future of the company.”
Source: KIRO7Seattle - 🏆 271. / 63 Read more »