By Stephen Nakrosis 
 

Nestle Purina PetCare on Monday said it will invest $550 million to build a new factory in Williamsburg Township, Ohio, to meet the growing demand for its pet foods.

The company said the new facility will be its 22nd in the U.S., and is its first new factory built from the ground up since 1975.

In September, the company said it will convert a former brewery in Eden, N.C., into a pet food factory.

Nestle Purina Petcare also said that construction of the 1.2 million-square-foot facility in Ohio will begin this fall, adding that the facility is expected to be operational by 2023. By 2024, it said, it will employ over 300 people at the site, including professional staff, production operators, technical staff and engineers.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

October 26, 2020 12:53 ET (16:53 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Nestle (PK) (USOTC:NSRGY)
Historical Stock Chart
From Nov 2020 to Dec 2020 Click Here for more Nestle (PK) Charts.
Nestle (PK) (USOTC:NSRGY)
Historical Stock Chart
From Dec 2019 to Dec 2020 Click Here for more Nestle (PK) Charts.