After nearly 5 decades in the city, Bacardi Canada will be closing and selling its bottling plant located in Brampton.
The plant, located on Steeles Avenue currently employs 51 employees and produces over 7 million litres of rum every year,
The closure comes after Bacardi received a $350,000 government grant last year to support their operations. But company executives say that after a close look at current market trends and future competitiveness, the shut down was the only option.
Now the company plans to send most of its current production to their Jacksonville Florida plant and have plans for a new office in Toronto.
Employees have been provided severance packages, counselling and access to help finding new employment.
A final closure date has not been announced.