Conagra Brands is to plough some cash into the manufacturing of Birds Eye, one of the brands it acquired from US peer Pinnacle Foods last year.
A factory in Beaver Dam in Wisconsin is to be “modernised” and expanded through an investment of US$78m. Conagra expects to create around 140 jobs over the next five years.
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The cold storage and vegetable packaging facility takes in some 350,000 sq ft and is one of two Birds Eye plants in Wisconsin, the other just under 70 miles south in Darien.
The Wisconsin Economic Development Corporation public-private agency is to give Conagra up to $750,000 in state income tax credits over the next five years. The amount of credits is contingent upon the number of jobs created and the amount of capital investment during that period, a statement from the WEDC read.
Chicago-based Conagra acquired New Jersey-based Pinnacle in a $10.9bn deal announced last June
Earlier this month, the company announced plans to close the Boulder, Colorado office of Pinnacle, with 100 jobs affected.
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By GlobalDataIn December, Conagra pinpointed Pinnacle’s failings as a drag on its recent performance.
