Blue Buffalo Breaks Ground On New Manufacturing and R&D Facility in Richmond, Indiana
September 23 2016 - 9:00AM
Lt. Governor Eric Holcomb presided over today’s ground breaking for
Blue Buffalo Co.’s (Nasdaq:BUFF) newest Heartland manufacturing and
R&D facility to be located in Richmond, IN.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/04755a5d-23ef-4b4e-9f40-0388102b1e6e
“We are proud to be expanding our U.S. pet food manufacturing
and R&D capabilities here in Richmond, IN. Richmond and the
surrounding communities have both the people and the "can do"
attitude that it takes to help us meet the growing demand for our
natural pet food products,” said Bill Bishop, Chairman and Founder
at Blue Buffalo.
“Job creators across the country continue to choose Indiana
because of our low-costs, minimal regulations and highly-skilled
Hoosier workforce,” said Lt. Governor Holcomb. “Our business
climate has earned national recognition as companies like Blue
Buffalo are choosing to grow in Indiana; contributing to the nearly
150,000 new Hoosier jobs added since 2013. We’re glad to have Blue
Buffalo in Indiana and look forward to many years of continued
success for our newest Hoosier company.”
It is anticipated that the new Blue Buffalo facility will
create approximately 165 jobs in Richmond. Heartland Richmond
will produce dry food and become the second company-owned
manufacturing facility for Blue Buffalo, with the first facility
located in Joplin, Missouri.
Construction is planned to begin in the second half of this year
(2016) with production of BLUE natural pet food expected to begin
in 2018. Blue Buffalo will begin to hire for selected
positions in the first half of 2017 and will continue throughout
2017.
The planned investment in Blue Buffalo’s Indiana plant will be
approximately 150 million dollars. The Indiana Economic Development
Corporation offered Blue Buffalo up to $1,625,000 in conditional
tax credits based on the company's job creation plans. These
incentives are performance-based, meaning until Hoosiers are hired,
the company is not eligible to claim incentives. Wayne County and
the city of Richmond have approved additional incentives at the
request of the Economic Development Corporation of Wayne County,
Indiana.
"Blue Buffalo is an excellent and well-established company and
we are excited to welcome them to Richmond. This ground breaking
isn't a finish line but a milestone of the success we will share in
years to come. This is all thanks to a collaborative effort of the
state and local economic development corporations, Wayne County,
Centerville, and the Richmond City Team," concluded Richmond Mayor
Dave Snow.
About Blue BuffaloBlue Buffalo, based in
Wilton, CT, is the nation's leading natural pet food company, and
provides natural foods and treats for dogs and cats under its BLUE
Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom
and BLUE Natural Veterinary Diet lines. Paying tribute to its
founding mission, the Company, through the Blue Buffalo Foundation,
is also a leading sponsor of pet cancer awareness and of critical
studies of pet cancer, health, treatment and nutrition at top
veterinary medical schools across the United States. For more
information about Blue Buffalo, visit the Company’s website at
www.BlueBuffalo.com.
About the Indiana Economic Development
CorporationThe Indiana Economic Development Corporation
(IEDC) leads the state of Indiana’s economic development efforts,
helping businesses launch, grow and locate in the state. Governed
by a 12-member board chaired by Governor Mike Pence, the IEDC
manages many initiatives, including performance-based tax credits,
workforce training grants, innovation and entrepreneurship
resources, public infrastructure assistance, and talent attraction
and retention efforts. For more information about the IEDC, visit
www.iedc.in.gov.
About the Economic Development Corporation of Wayne
CountyThe Economic Development Corporation (EDC) of Wayne
County, Indiana is a county-wide, not-for-profit organization
working to enhance and grow the local economy. Since 2012, the EDC
of Wayne County has assisted 34 businesses in their commitment to
the retention and creation of over 1,800 jobs. These projects have
resulted in $360 million in new, private investment in Wayne
County.
Media inquiries can be directed to:
Phil Cheevers
VP of Communications
203-665-3234
media@bluebuff.com
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