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Stampede Meat Newly Renovated Facility Opens
Stampede Meat celebrates the grand opening of its New Mexico plant after a $36 million investment
The newly renovated facility will drive immediate growth for Stampede and create 1,295 new jobs
Stampede Meat, Inc., announced its grand opening today at a ribbon cutting ceremony, just five short months after announcing the company's expansion outisde of Illinois for the first time in its 24-year history. Stampede will invest more than $36 million to renovate and reopen the former Tyson Foods facility in Sunland Park, New Mexico. Over the next year, the facility will increase Stampede's existing 285,000 square footage and 190 million-pound capacity by more than half. Once fully utilized, the facility will support $300 to 400 million in incremental top line growth.
Stampede Meat CEO and President Brock Furlong was joined by New Mexico Economic Development Department Cabinet Secretary Matt Geisel at the ceremony. "We are poised to have our single largest sales growth in our 24-year history, due in no small part to this critical investment ...
Hormel Foods Finalizes Sale of Fremont, Neb., Processing Facility
Hormel Foods Corporation (NYSE:HRL) today announced it has completed the sale of its Fremont, Neb., processing facility to Wholestone Farms, LLC. The transaction includes a processing facility and a multiyear agreement to supply pork raw materials to Hormel Foods. The current Fremont plant management team and workforce will remain in place to ...
Maple Leaf Foods to Construct World-Class Value-Added Poultry Facility in London, Ontario
Maple Leaf Foods (TSX: MFI) today announced plans to build a $660 million value-added fresh poultry facility in London, Ontario.
The new 640,000 square feet facility is expected to be one of the most technologically advanced poultry-processing plants in the world, with leading-edge food safety, environmental, and animal welfare processes and technologies.
Funding for the project includes a capital investment of approximately $605.5 million from Maple Leaf Foods, an investment of $34.5 million from the Government of Ontario and a $20 million investment from the Government of Canada under the Strategic Innovation Fund. In addition, the Company is receiving a $8 million loan from the AgriInnovate Fund. As part of the federal funding agreement, Maple Leaf will invest a further $5 million over...
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