Canadian company plans to buy Vermont’s Koffee Kup bakery
BURLINGTON, Vt. (AP) – A Canadian company hopes to buy Vermont’s Koffee Kup bakery, which closed abruptly last month due to financial problems.
The owners of Ms. Dunster’s Bakery, based in New Brunswick, Canada, announced on Thursday that they intended to buy the assets of Koffee Kup Bakery in Burlington and its subsidiary, Vermont Bread Company in Brattleboro, and Superior Bakery in North Grosvenor Dale, Conn.
“We are delighted to announce today that we have formed a new company, called the North Atlantic Baking Company,” Blair Hyslop, co-owner of Ms Dunster’s with his wife Rosalyn, said in a written statement. “We have been advised that North Atlantic Baking Company is the preferred buyer of the Koffee Kup assets and we are focused on moving quickly to conclude negotiations that will lead to the restart of operations very soon.”
Their plan is to operate the two Vermont bakeries and “enter into discussions with third parties with the intention of selling the Superior Bakery in Connecticut,” Hyslop wrote.
Koffee Kup has sold products in New England, around New York, Washington, DC, Pennsylvania and Maryland.
The closure of the three sites left approximately 500 employees out of work. A former employee has filed a class action lawsuit against the company, accusing the owners of failing to give employees at least 60 days’ notice of closures or mass layoffs.