USA: PepsiCo to close PopCorners plant

PepsiCo, the US-based food and drink business, has announced plans to close its PopCorners manufacturing plant in Liberty (NY), according to a Food Business News report.

“This plant has played a vital role in producing our beloved PopCorners brand, but the pace of growth for this product line paired with broader industry pace of growth has made it difficult to sustain the site’s long-term viability”, PepsiCo is quoted as saying.

PopCorners,  a better-for-you popped corn snack sold in the club and grocery segments within the US and Canada, was originally introduced in 2010 by Medora Snacks. It was acquired by private equity firm Permira and later sold to PepsiCo in December 2019.

The plant’s shutdown is set to affect over 300 workers.

Source: Food Business News