US snack maker Snyder’s-Lance is to invest US$38m to expand its headquarters and production facility in Charlotte, North Carolina, the state governor’s office has announced.

Governor Pat McCrory said the investment, to be spread over three years, will create an additional 100 jobs.

Snyder’s-Lance intends to hire 70 workers for a new production line at its South Boulevard manufacturing plant and another 30 at its headquarters, McCrory said. “Positions will range from machine operators and warehouse personnel to engineers and management.”

McCrory said the expansion was made possible in part by a performance-based grant of up to $100,000 from the One North Carolina Fund – which provides financial assistance, through local governments “to attract business that will stimulate economic activity and create new jobs in the state”.

Companies receive no money up front and must meet job creation and capital investment targets to qualify for grant funds. All grants under the scheme require a matching amount from local government.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Just Food.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Earlier this week, Snyder’s-Lance announced plans to sell the Diamond of California culinary nut business it acquired last year through its acquisition of Kettle Chips maker Diamond Foods. The announcement came after the company reported a leap in operating profit in third-quarter results, as the contribution from Diamond Foods lifted its top line and synergies strengthened margins.