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Stock impact report

Cape Cod potato chips will no longer be made on Cape Cod as Hyannis factory plans to close [CBS News]

The Campbell's Company (CPB) 
Last the campbell's company earnings: 3/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: investor.campbellsoupcompany.com
Company Research Source: CBS News
The Campbell's Company, which owns the crunchy, made-in-Massachusetts brand, says it is closing the Hyannis factory that produces them. Cape Cod chips will continue to be made at other plants owned by Campbell's in Wisconsin, North Carolina and Pennsylvania. Cape Cod chips have been made at the Hyannis factory since 1985. The site also used to be open to the public for tours. These days, Campbell's said Hyannis only produces 4% of the total volume of Cape Cod Chips, "and the site no longer makes economic sense for the business." "This difficult decision reflects a careful assessment of our business needs to strengthen our operations and position our Snacks business for long-term growth," Campbell's Snacks president Elizabeth Duggan said in a statement. "We will maintain a community presence by honoring the brand's heritage and continue local investment to support the next generation of food innovators on Cape Cod." The Hyannis factory closure means 49 workers will lose their Show less Read more
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