80-year-old Koffee Kup Bakery closes; financial losses cited

80-year-old Koffee Kup Bakery closes; financial losses cited
April 27, 2021
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BURLINGTON, Vt. (AP) — Koffee Kup Bakery, an-80-year-old Vermont company that sold products in New England, around New York City, Washington, D.C., Pennsylvania and Maryland, closed Monday and laid off hundreds of workers in Burlington and Brattleboro.
The Vermont Department of Labor confirmed 156 workers at the Burlington Koffee Kup site and 91 workers at the Brattleboro Vermont Bread Company location lost their jobs, the Burlington Free Press reported.
New York City-based American Industrial Acquisition Corporation bought the company a few weeks ago, according to a news release from G2 Capital Advisors, a financial advisor to the company. Jeff Sands of Dorset Partners, a financial advisor to the owner, sent out a written release about the closing.

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