Stella D'oro Bakery closes its doors
Founded in 1932 by Joseph Kresivich, an Italian immigrant, it was run by the family before being sold to Nabisco in 1992. Nabisco was bought by Kraft and in 2006, Kraft sold the Stella D'oro factory to a private investing firm, Brynwood Partners. A bitter labor dispute and year long strike ensued. In the end, Brynwood sold the company to Lance Inc. and they moved production to a factory in Ohio, leaving more than 150 people unemployed, some of which had worked there for over 30 years.