Dak Pak, a nutritional supplement company, will relocate its headquarters to Sioux Falls, while simultaneously opening the new manufacturing plant in Woonsocket, South Dakota.
As an incentive the Board of Economic Development recently approved a $1.08 million REDI (Revolving Economic Development and Initiative) Fund loan to assist the firm.
Dak Pak’s affiliated company, Max One Nutrition LLC, dba Max Muscle Nutrition, specializes in manufacturing and selling active nutrition and supplements. The company will begin blending and packaging Max Muscle’s newest nutritional supplements later this year.
The company new owner, South Dakota entrepreneur Terry Wieting, chose The Woonsocket plant, known locally as the “McKenzie Building.” Wieting purchased the 144,000 square-foot building in Woonsocket earlier this year.
According to state officials, monies from the REDI Fund loan will be used to renovate the interior of the facility and purchase the equipment necessary for blending and packaging supplements. The establishment of Dak Pak will help bring jobs back to the Woonsocket community after a local taxidermy company closed.
“I’m the type of person who seeks out business opportunities wherever I can,” Wieting said. “I’ve made it my mission to develop and grow businesses that bring people to South Dakota, with an ultimate goal of helping them succeed. I’d like to thank the Board of Economic Development and the Governor’s Office of Economic Development (GOED) for their assistance and partnership throughout this process. I’m hopeful we’ll see Woonsocket thrive in the years to come.”
“Terry is a South Dakota farm-raised, self-driven entrepreneur. His background in software development, including his agriculture app, ‘AgSense’ pioneered precision irrigation and remote management solutions for farmers around the globe. We’re pleased Terry chose to grow his entrepreneurial portfolio in South Dakota and this new business venture will likely prove to have an impact on global nutrition for years to come,” said Governor Dennis Daugaard.