1440 Foods to open $60m new production facility in Jeffersonville, Indiana

TAGS

1440 Foods, a leading portfolio of active , has announced plans to open a new production facility in , Indiana. This development is part of an initiative to meet the growing demand for healthy, on-the-go snacking options. The facility, backed by 4×4 Capital and Bain Capital Private Equity, represents a significant investment of over $60 million in the local economy.

Strategic Expansion to Support Growing Demand

The new facility, located at 301 Salem Road in the River Ridge Commerce Center, will encompass 200,000 square feet of renovated office and manufacturing space. The expansion includes the installation of new equipment and is supported by up to $3.7 million in incentive-based tax credits from the Indiana Economic Development Corporation (IEDC). The project also gains support from other partners such as America Place and One Southern Indiana (1si).

See also  Indiana-based Horizon Plastics & Engineering acquired by DexKo Global

‘ decision to set up in Jeffersonville was influenced by the city’s established transportation and logistics infrastructure and its central proximity to distribution points and retailers across the United States. This strategic location will facilitate efficient distribution of the company’s products nationwide.

1440 Foods announces a new $60 million production facility in Jeffersonville, Indiana, enhancing its capacity to meet the demand for healthy snacks.

1440 Foods announces a new $60 million production facility in Jeffersonville, Indiana, enhancing its capacity to meet the demand for .

Commitment to Community and Innovation

The facility is expected to open in 2025, with hiring already underway and continuing through 2024. Alexandre Médicis, Chairman of the Board for 1440 Foods, emphasized the strategic choice of Jeffersonville: “The opening of the Jeffersonville location is a significant milestone in our plan to make protein-rich snacking options accessible to as many people as possible. Jeffersonville was perfect due to its proximity to major transportation channels and availability of a skilled and ready workforce.”

See also  Duke Energy to divest $2bn worth stake in Duke Energy Indiana to GIC

1440 Foods aims to energize people to unleash their potential through its innovative portfolio, which includes well-known brands such as Pure Protein, MET-Rx, and Body Fortress. These brands offer a variety of products designed to support muscle development, recovery, and overall wellness goals.

Enhancing Local Employment and Economic Growth

The new production site is a testament to 1440 Foods’ commitment to community engagement and economic contribution. It is expected to bring numerous job opportunities to the area, strengthening the local job market and contributing to economic growth.

See also  Sheetal Cool Products wraps up first export order to US market

This initiative not only underscores 1440 Foods’ dedication to expanding its production capacity but also highlights its commitment to fostering a healthier, more active population through accessible and nutritious food options.


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This