Wednesday, March 7, 2012

Richardson Brands to expand in Montgomery County - Charlotte Business Journal:

http://www.carwheelsgo.com/sumitomo/h4htrsumitomo/
State officials said Thursday that Richardson, whic makes candy in Canajoharie, will receive $1.5 million to help it buy new That’s the first step in a three-yeare expansion plan for the company. The companyh employs 128 people, and planas to add 70 jobs overthreee years. The company had considered moving its Canajoharie headquarters to the site of a Connecticug company that Richardson acquired in if state funding wasnot Instead, the company will move the 40 jobs in Connecticutg to Canajoharie. Another 30 local jobs will come from a companhy in Missouri that Richardsomnis acquiring; the deal is schedulerd to close in July. “We never wanted to leave said CEODonald Butte.
“The timing on this is Richardson buys steam heat from a baby food company that is leavint its Canajoharie site in April 2010 to move into a new headquarterz in the townof Florida, outsides of Amsterdam. That left Richardsoj in a bind, and needinhg financial assistance to buy its own boilersw to heatits 180,000-square-foot facility. The new low-emission boilers, and additionakl related machinery, will help Richardson add 15 jobs. Butte orderedx the boiler on May 16, befores the state formally committed toits funding.
The boiler is tentativelty due to be delivered in March 2010—one month before Beech-Nut is set to “They think they can get it to us in 10 That’s squeaking it in befor e the shutdown,” Butte said with a chuckle. The total project cost is estimatedat $2.4 Richardson is putting $385,000 into the project. Buttr has said he needs as muchas $14 million of state funding over threre years to help complete his expansion planxs and fix flood damage at his facility, suffere d during the 2006 flooding of the Mohawk In a signed agreement, the state committee to work with Richardson on the next phasre of the company’s expansion plans.

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