Coffee Holding Co. to Close Massachusetts Factory Amid Slumping Harmony Bay Sales

Coffee Holding Co. will close its Comfort Foods manufacturing facility in Massachusetts due to declining sales for its Harmony Bay brand. The company will shift production to its Second Empire plant in New York, aiming to improve efficiencies and cost savings. The closure comes as the company reported a 27% jump in revenue for its fiscal third quarter, despite falling into the red after losses tied to derivatives.