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PORTLAND, Ore. (AP) -- Gardenburger is moving to Utah.
The manufacturer of meatless patties and other vegetarian fare is relocating its headquarters to Clearfield, Utah, about 30 miles north of Salt Lake City.
The move will put Gardenburger executive officers near the food processing plant where most of the company's 175 employees already work, said CEO Scott Wallace.
"We really had to look at every facet of the business and do everything we can to make the business run as efficiently as possible," Wallace said.
In the quarter that ended June 30, Gardenburger posted $15.04 million in sales, down from $17.08 million a year earlier. Shareholders lost $856,000, compared with a $221,000 profit a year earlier.
In the late 1990s, Gardenburger invested in a major advertising campaign that included a spot on the "Seinfeld" finale. But large corporations bought its main competitors, Boca Burger and Morningstar Farms, and its sales have plunged.
The move follows the recent decision by Louisiana-Pacific Corp. to move to Nashville, Tenn.
(Copyright 2003 by The Associated Press. All Rights Reserved.)