Lakeside Foods, a premier supplier of high-quality frozen and canned foods, will invest $40 million to expand its operations in Manitowac, Wisconsin. The company plans to create 48 new jobs.
The project will include a 100,000-square-foot addition to Lakeside Foods’ frozen packaging and storage space to meet the custom packaging needs of existing customers and increase capacity to foster growth and product innovation in the frozen foods industry.
The expansion, which should be completed in mid-2019, will include redesigning processing operations to meet the highest food safety industry standards and installing automated packaging equipment.
The existing facility packages more than 100 million pounds of canned and frozen vegetables each year for more than 100 private-label customers. The expansion and upgraded equipment will allow Lakeside Foods to increase frozen food offerings and leverage new business opportunities.
“We considered numerous factors when planning our expansion, and ultimately the decision came down to the strength of Wisconsin’s food processing industry, a solid business infrastructure and the quality of the state’s workforce,” said Joe Yanda, Senior Vice President of Operations for Lakeside Foods. “The culture of Wisconsin as an agricultural state in which people value honest work aligns well with Lakeside’s business of harvesting and selling produce and our commitment to delivering on the expectations of our customers.”
The Wisconsin Economic Development Corporation is providing with up to $1 million in tax credits over three years to support the company’s expansion of its frozen food packaging facility.
The tax credits awarded to the company by WEDC are contingent upon the number of jobs created and the amount of capital investment made over a three-year period. As is the case for all WEDC tax credit awards, the company would first have to create the jobs and make the capital investment before receiving any credits.
In addition to WEDC, the project is also supported by the City of Manitowoc, the U.S. Department of Agriculture and Wisconsin Bank and Trust.
"Lakeside Foods’ investment in Wisconsin shows the company’s continued commitment to our state and their workforce,” said Mark R. Hogan, Secretary & CEO of WEDC, the state’s lead economic development organization. “This expansion will require a significant capital investment on the part of the company, and WEDC is proud to provide support to make this a viable project for Lakeside Foods.”