Lactalis Canada said it will close its new plant in Sudbury by the end of this year.
It makes a milk-like product from plants since it re-opened in June of last year, but sales have been so poor the company is closing It again.
The Northern Ontario Heritage Fund Corporation gave it $1.4 million.
The company attributes the abrupt closure to a “shift in market dynamics” and challenges stemming from the “broader economic climate.” These factors have reportedly led to a “sustained decline” in the performance of the plant-based beverage category.
