Schwebel’s, which sells bread at grocery stores across western Pennsylvania, is closing after 120 years.
Citing years of “significant operational and financial constraints,” Youngstown-based Schwebel Baking Company announced in a press release that it has no other option but to wind down operations and pursue a formal liquidation in the coming weeks.
Schwebel’s said it has faced challenges like aging manufacturing facilities and equipment, costly labor contracts and pension obligations and lower demand for traditional bakery and bread products.
The company said it plans to operate through the Fourth of July weekend and then wind down operations throughout the summer at its bakeries in Youngstown and…