View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
September 2, 2022

General Mills invests $100m in Totino’s pizza factory

The Wellston project will create 30 jobs to add to the existing 900-plus workforce.

By Simon Harvey

General Mills is investing in a pizza factory in the US as the demand seen during the pandemic continues.

Free Whitepaper
img

Disruptive start-ups to watch out for

2021 was a record-breaking year, with more businesses breaking into the billion-dollar club. Many start-ups have achieved or retained the unicorn status by the end of the year to reflect nearly a fivefold growth from that in 2020. This boom can be linked to a financing frenzy spurred by the quick adoption of technology and innovative solutions by start-ups gaining traction in response to the pandemic. However, the start-up ecosystem is now facing turbulent times for fundraising as investors seek long-term business strategies, valuations, and a route to profitability amid uncertain market circumstances. Nevertheless, 2022 has the potential to carry forward the momentum with multiple entities having a fair chance of being in the right place when aided by the right technologies. GlobalData leverages the power of alternative data to examine the health of start-ups across multiple dimensions including the quality of their innovations, market presence, and the funding they can attract. This helps our clients to analyze the disruptive potential of start-ups for early alliances, investments, and acquisition prospects to develop future-proof strategic roadmaps for a competitive advantage. Read our report and gather insights on the following topics:
  • Recent Unicorn trends
  • Unicorns in 2022
  • Future Unicorns
  • Start-ups to watch out for
Start-up ecosystem outlook by top geographies
by GlobalData
Enter your details here to receive your free Whitepaper.

The US food major is ploughing US$100m into its site in Wellston, which manufactures the company’s Totino’s brand of frozen pizza and bite-size pizza roll snacks. The facility ships to customers across the US.

JobsOhio, the state’s private economic development organisation, which is one of the supporters of the project, said 30 jobs will be created to add to the existing 974-strong workforce.

The investment will include “modifications for longer run times, extruder expansion and replacement of existing fryers”, JobsOhio said in a notice on its website.

Approached by Just Food, a spokesperson for General Mills said “the investment is focused on refurbishing 15,000 square foot of our existing building to meet this demand”, which, “has indeed gone up”.

Plant manager Stephanie Weaver said the statement: “We’re excited to grow our business and employee base in south-eastern Ohio and having strong local, regional and state partners has been instrumental in our success.”

Ohio Southeast Economic Development (OhioSE), the Ohio Department of Development, and the Jackson County Economic Development Partnership are also supporting the Wellston project.

“The expansion is being supported by a tax credit from the Ohio Department of Development and a $400,000 JobsOhio grant, in collaboration with OhioSE, toward the building, machinery, and equipment costs,” OhioSE said in a separate statement.

General Mills also invested an undisclosed amount in the Wellston plant in 2020, noting only that the company planned to spend “millions” in order to become “more productive and efficient, increasing overall capacity”.

Related Companies

Free Whitepaper
img

Disruptive start-ups to watch out for

2021 was a record-breaking year, with more businesses breaking into the billion-dollar club. Many start-ups have achieved or retained the unicorn status by the end of the year to reflect nearly a fivefold growth from that in 2020. This boom can be linked to a financing frenzy spurred by the quick adoption of technology and innovative solutions by start-ups gaining traction in response to the pandemic. However, the start-up ecosystem is now facing turbulent times for fundraising as investors seek long-term business strategies, valuations, and a route to profitability amid uncertain market circumstances. Nevertheless, 2022 has the potential to carry forward the momentum with multiple entities having a fair chance of being in the right place when aided by the right technologies. GlobalData leverages the power of alternative data to examine the health of start-ups across multiple dimensions including the quality of their innovations, market presence, and the funding they can attract. This helps our clients to analyze the disruptive potential of start-ups for early alliances, investments, and acquisition prospects to develop future-proof strategic roadmaps for a competitive advantage. Read our report and gather insights on the following topics:
  • Recent Unicorn trends
  • Unicorns in 2022
  • Future Unicorns
  • Start-ups to watch out for
Start-up ecosystem outlook by top geographies
by GlobalData
Enter your details here to receive your free Whitepaper.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food