The Swedish producer of alternative dairy products is expanding its production footprint and heading to the Lone Star State. Oatly is expected to spend at least $36 million to build out a new location in Fort Worth, Texas, its third U.S. production facility.
According to Dallas Business Journal, the Fort Worth City Council approved an economic development grant for the company’s new facility late last month, which included five annual grants totaling $1.09 million. The city council agenda stated the company will be taking 280,000 square feet within an existing facility at 7550 Oak Grove Road in south Fort Worth, cited the news source.
Oatly will be investing at least $36 million in this new facility. It is expected it will create a minimum of 50 full-time jobs. In addition to the approved grant payments, the city says it is prepared to submit an application for an Enterprise Zone Project Designation on behalf of Oatly, based upon eligible project investment and job creation.
Currently, Oatly operates in New Jersey and Utah, with its U.S. headquarters based in New York.
With a new facility in the works, what can we expect from the rising alternative dairy provider? Deli Market News will continue to report.