Area Development
Crescent Dairy & Beverages LLC will invest more than $30 million in a 100,000 square foot ultra pasteurized beverage processing facility in Walterboro, South Carolina, with estimates of generating 60 new jobs within the next five years.

"We are excited about moving forward with our plans of establishing operations in the eastern U.S. After close to one year of extensive research and exploration of the region, we are convinced that South Carolina and Colleton County will offer us a secure business environment that will guarantee solid progress which will contribute to our regional expansion," said company representative Gabriel Pascual.

"The new location in the Colleton County Commerce Center on Interstate 95 is ideal for serving not only eastern U.S. markets, but export markets as well, as the Port of Charleston provides ideal conditions to allow fast and constant flow of cargo to the region," Pascual added. "We are also very appreciative of the professionalism and support received from all South Carolina and Colleton County state officials and representatives involved in the negotiating process; such was unparalleled when compared to other participating states and certainly made a difference for us to establish operations here."

The new facilities will include state of the art processing equipment which will implement "ultra-high-temperature" beverage processing. This type of processing allows beverages to have an extended shelf life without refrigeration until opened, and in many cases such a shelf life can exceed 12 months. The initial production output of the company is anticipated to be mainly for export markets, expecting to make a cross-over move to U.S. markets gradually in the near future, company officials confirmed.

"Today's announcement is another win for one of our state's rural counties. We celebrate Crescent Dairy & Beverages' decision to locate in Colleton County, invest $30 million and create 60 new jobs. By continuing to provide a business-friendly climate, we can help bring more job-creating investments like this one to all regions of South Carolina," said Gov. Nikki Haley.

"The agribusiness sector has long been an important part of South Carolina's economy and announcements like Crescent Dairy & Beverages' today show it continues to create new jobs. Every one of these jobs will create impact in Colleton County and this investment will help sustain agribusiness in the area," said Secretary of Commerce Bobby Hitt.

"Crescent Dairy & Beverages' investment in our region is an indication of the great location that Colleton County provides to industries looking for access to I-95 and proximity to the Port of Charleston, said Southern Carolina Alliance President and CEO Danny Black.

While incentives offered the firm were not immediately available, the South Carolina Department of Commerce said SelectUSA, a U.S. government initiative to promote and facilitate business investment in the United States, housed at the U.S. Department of Commerce, partnered with the state of South Carolina in order to help facilitate the firm's decision to locate in the United States.