By Giulia Petroni

Nestle SA said Thursday that its U.S. subsidiary Nestle Purina PetCare will invest an estimated $450 million to open a new factory in North Carolina in order to meet increasing demand for its products.

The Swiss food-and-beverage giant said the new factory, which is located in Eden, will become operational in 2022. More than 300 people are expected to be employed at the site by 2024.

Nestle said Purina plans to produce dry dog and cat food brands, including Purina Pro Plan, Purina ONE and Purina Pro Plan Veterinary Diets.

The factory will become part of Purina's network of 21 existing manufacturing locations across the U.S.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

October 01, 2020 04:31 ET (08:31 GMT)

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