27 losing jobs when Boulder Brands closes production facility in Boulder

BOULDER — Boulder Brands will slash 27 jobs over the next two months as it completes its previously announced closure of its production facility at 1865 Range St. in Boulder.

The layoffs were detailed in a filing Friday with the Colorado Department of Labor and Employment.

The division employs 73, but 46 of those workers will be offered jobs elsewhere within the company. The closure is scheduled to be complete by March 8.

Boulder Brands parent, Pinnacle Foods Inc. (NYSE: PF), announced in August 2016 that it would shift production of Evol burritos to Fayetteville, Ark.

“While it’s never an easy decision to close a manufacturing plant, this action will ensure the long-term success of the EVOL brand,” Mike Wittman, Pinnacle Foods executive vice president and chief supply chain officer, said at the time. “We are thankful to the employees at the EVOL plant and value the many contributions they have made to the business.”

Pinnacle acquired Boulder Brands for $975 million, including about $265 million in debt, in a deal that closed Jan. 15, 2016.

During the nine months from Jan. 15 to Sept. 25, 2016, according to a Pinnacle filing with the U.S. Securities and Exchange Commission, Boulder Brands added $344.4 million in net sales to Pinnacle, and $600,000 in net earnings.

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