FRANKFORT, Ky. (July 19, 2012) — Hearthside Food Solutions LLC plans to add a production line to its existing facility in London, creating 80 jobs and investing $1.4 million in the project.
“It’s always exciting to see a company continue to invest in its Kentucky facility, increase jobs and help grow the economy here in the commonwealth,” said Gov. Steve Beshear.
Including the London facility, Hearthside has 13 manufacturing plants in six states. With an 80-year history, Hearthside is the contract manufacturer to premier food companies. The company is again expanding its London operation, adding a new production line for bakery products.
“Hearthside’s cookie factory has been part of Laurel County for generations, confirming our commitment to both our people and our community,” said Hearthside Vice President of Manufacturing Doug Sherman. “Continued investment, including this expansion, is good for our people, for Kentucky and for our company.”
Kentucky is home to a thriving food and beverage industry, including approximately 265 facilities, employing nearly 42,000 people. During Gov. Beshear’s administration, 123 food and beverage-related industry locations or expansions have been announced resulting in more than 2,600 new jobs and $766.6 million in new investment for the state.
“Any time we expand manufacturing in our town, it is sweet music to our ears,” said Sen. Tom Jensen, of London. “I welcome Hearthside, whose products are also sweet, to London and anticipate a great relationship.”
“Hearthside is a cornerstone in the commercial growth of London and Laurel County,” said London Mayor Troy Rudder. “Now with a $1.4 million investment and the addition of 80 jobs, Hearthside continues its leadership role. The city of London is excited and we pledge our complete support during this time of expansion.”
The Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.2 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.
Hearthside Food Solutions, headquartered in Downers Grove IL, is the nation’s largest independent bakery and a full service contract manufacturer of high quality grain-based food and snack products for some of the world’s leading premier brands. The privately held company, formed in 2009, today operates 13 food manufacturing facilities in six states with a workforce in excess of 5,000. For more information on Hearthside Food Solutions, visit www.hearthsidefoods.com.