Shearer’s Foods, which just this week was officially acquired by private-equity firm Clayton Dubilier & Rice (CD&R), has confirmed to a local news outlet that it will close its Lubbock, Texas, snack processing facility next month, citing a decrease in demand.
The 187,000-sq.-ft. plant, which Shearer’s opened in 2007, will cease operations on March 31 as noted in a Worker Adjustment and Retraining Notification Notice (WARN) filed more than a week ago in the state of Texas, the company confirmed to the news outlet. More than 175 employees will be laid off as a result of the closure.
It said that the decision was made to shutter the facility in response to decreased demand from the largest customer that the facility served. Employees have been offered benefits to stay on board until March 31, including severance, continued health insurance benefits and payout of unused vacation time, according to the report.
