Backed by a five-year, $5 million investment, the plan will fund techniques — powered by genomic science — to grow hardier peanut varieties that can stand up to pressure from pests, disease and unpredictable weather.
The potential acquisition comes as part of the company's strategic growth plan to further invest in specialty ingredient capabilities and diversify its portfolio of solutions.
pladis says the capital will be used to increase capacity, capability and productivity through more automated lines and updated factory infrastructure.
The facility, which is operated by WSP and dedicated to Chomps production, is expected to create approximately 250 full-time jobs, contributing to the local economy and surrounding areas.
Ninety-nine percent of the company’s daily consumption products — including its core categories of bread, buns and rolls, tortillas, bagels and English muffins — are already free from artificial flavors and colorants.
The company has already invested $240 million in a Nature’s Bakery facility in Utah, as well as $450 million in a Royal Canin dry pet food facility in Ohio.