Strategic investments are a central part of any company's growth plan, as made evident by Rich Products’ most recent move. It was announced that the company will be investing $27 million to expand production at its Morristown, Tennessee, manufacturing facility.
“We continue to invest heavily in our U.S. manufacturing footprint to create unparalleled value for our customers and opportunities for our people. As a proud member of the Tennessee community for nearly 50 years, we’re excited about what this expansion project will do for our business and the region. Not only are we expanding our team and creating jobs, but we’re adding production capacity to support our cake and cupcake business, which has seen a significant influx in demand. It is a true win-win for the community, our customers, and consumers as a whole,” said Kevin Spratt, President, U.S. Canada Region.
With this expansion, Rich’s will create 51 new manufacturing jobs in Hamblen County, bringing its total headcount throughout Tennessee to nearly 1,400 people.
The expansion of Rich’s Morristown facility will add 2,400 square feet of space, which will directly support enhanced production of its growing bakery business, serving national and regional grocery and club retailers.
According to a press release, the project is expected to be complete in September 2024 with hiring slated to begin in June of this year.
For more from the announcement, click here.
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