Specialty snacks is one sector that has seen monumental growth over the past year and a half. With many consumers learning and working from home, indulgence in specialty foods has taken its share of the basket. To keep this momentum going, Red River Foods will be investing $16.5 million to establish a warehouse and processing facility for tree nuts, seeds, and dried fruits in Henrico County in Richmond, Virginia.
“We have called the Richmond region home since my father, Jim Phipps, moved the company from New York City to Virginia in 1991,” said Dan Phipps, CEO of Red River Foods. “Although we have experienced tremendous growth since that time, a majority of our personnel expansion has been concentrated in cashew-growing countries within Africa and Asia. Investing in Henrico County is further investment in our value chain. Creating valuable jobs here in our local community is one step further in connecting our farmers to our customers.”
According to the press release, Red River is a vertically integrated company that takes control of its supply chain from harvest to the hands of customers, maintaining strong relationships with farmers, processors, and customers to ensure a quality product that is ethically and sustainably grown. Red River has established a global reach from its headquarters in the city of Richmond, serving more than 350 companies with over 40 products sourced from 30 countries. The company has supplied quality tree nuts, seeds, and dried fruits to the bakery, dairy, confectionary, cereal, and snack food industries for more than 40 years.
Red River’s new facility will be located at 2840 Sprouse Drive in Henrico County and will create 60 new jobs.
To learn more about this exciting development, click here.
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