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Valeo Foods, the diversified food company, has announced plans to close a facility in the UK city of Liverpool that manufactures confectionery products.
First acquired by the company in 2018, the factory employs 100 staff and is dedicated to the manufacture of the Taveners brand range of products, which includes traditional sweets such as caramels, mallows, gums and jelly.
Valeo Foods UK supply chain director Lee Nicholls is reported as saying that the closure was “essential for the future success of the Valeo Confectionery businesses here in the UK”.
The decision was taken “in face of significant market challenges, changing demand and consumer preferences, as well as growing cost pressures”, according to further quotes attributed to the company.
The factory is expected to shut its doors within a year, although no precise date has been given for its closure.
Source: Just Food / Liverpool Echo
