There is a glimmer of hope that Thornloe Cheese will be sold and revived as a sale may be announced shortly.
The popular company north of Temiskaming Shores closed was shut down last year over food safety concerns caused by aging equipment.
"We are having productive discussions about the sale of Thornloe Cheese and hope we will be able to share more before too long," Gay Lea vice president Mike Langdon told BayToday. "Unfortunately, out of respect for the sale process, we are unable to comment further at this stage."
In October last year Gay Lea, the company which owns Thornloe Cheese said the equipment is so old it would cost $10 million to upgrade, which doesn't make sense financially. Thirty-five employees lost their jobs.
See: Old age killed Thornloe Cheese
"You know we've really looked at this from every angle with the goal to avoid this outcome, but the investment to bring the facility up to acceptable standards is very significant. It's likely to cost about $10 million, and potentially considerably more. And unfortunately, the financial performance of it just doesn't justify that type of investment."
