Friday, December 05 2014
The expansion will create 50 new jobs at Glanbia’s Twin Falls and Gooding locations
Commenting on the expansion, Daragh Maccabee, Executive Vice President and CFO of Glanbia Foods, Inc. said “this expansion is strongly aligned with our strategy of adding further value to our whey stream” and went on to say that “the company considered various options and locations for these new activities but ultimately came to the conclusion that Idaho was the right location. We have a long track record in Idaho and the support of the State and local communities was instrumental in our choice of Idaho for renewed expansion.”
Specifically, Glanbia will invest in manufacturing processes to meet the growing demand for high-quality whey products, such as:
The new facilities will be fully operational by 2016.
“This is yet another exciting announcement for the Magic Valley to see one of its own home-grown companies expand and create new jobs,” said Governor C.L. “Butch” Otter. “We are particularly thrilled that we were once again able to leverage the Tax Reimbursement Incentive to support the growth of an existing Idaho company.”
Glanbia Foods has been headquartered in Southern Idaho for 25 years and processes over 12 million pounds of milk per day, one third of all milk in Idaho. Over that time, Glanbia has experienced significant growth, with the total workforce in Idaho projected to exceed 800 for the first time in 2015.
Glanbia is approved to receive a Tax Reimbursement Incentive credit of 23 percent for 10 years, which was matched by the local community with the Gooding County Board of County Commissioners approving a property tax exemption on the incremental new capital investment.
“The entire Southern Idaho region celebrates this announcement today along with the addition of more than 40 good paying jobs,” says Jan Rogers, executive director, Southern Idaho Economic Development Organization (SIEDO). “This represents Glanbia’s continued investment in dairy production, blending and manufacturing capabilities as well as an investment in our quality workforce,” she said.
Southern Idaho, known as America’s Most Diverse Food Basket, also celebrated Glanbia’s $15 million headquarters and Cheese Innovation Center and Chobani’s $450 million yogurt plant. The region has also recently attracted investments from food giants Clif Bar, Monsanto and Frulact Group.
ABOUT SOUTHERN IDAHO ECONOMIC DEVELOPMENT ORGANIZATION