The 242,000-square-foot facility, which was
built in the 1940s, did not meet its efficiency and long-term
profitability targets, Hillshire said in a regulatory filing.
Closure-related costs are expected to total about $34.4 million,
including severance, depreciation and other items.
(Reporting by Lisa Baertlein in Los Angeles;
editing by Steve Orlofsky)
[© 2014 Thomson Reuters. All rights
reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
|