Ingredients manufacturer Cereal Ingredients Inc. will invest $24 million to build a new 80,000 square foot facility in St. Joseph, Missouri. The company plans to create more than 60 new jobs by 2027.
“Cereal Ingredients, Inc. is excited to open a state-of-the-art food manufacturing facility in St. Joseph.,” Robert Hatch, CEO of CII said. “The goodwill we have built with our customers has allowed us the opportunity to expand. We appreciate all the help provided from the City of St. Joseph, Chamber of Commerce, Buchanan County, State of Missouri, Newmark Zimmer and all of the other participants who helped finalize this project. We look forward to a completion date in the first quarter of 2022.”
Incentives that assisted to make the project viable for CII in St. Joseph include the Chapter 100 program, Missouri Works, and the Buchanan County Economic Development Forgivable Loan program.
“We are excited to welcome Cereal Ingredients, Inc. to Missouri,” Governor Mike Parson said. “The company’s decision to invest and create new jobs in Missouri is a testament to the hard-working men and women who call our state home. We look forward to working together as Cereal Ingredients Inc. grows and succeeds.”
This project was successful due to the partnership between the City of St. Joseph, Buchanan County, Missouri Partnership, the Missouri Department of Economic Development, Newmark Zimmer, Evergy, and Spire.
“We are very pleased to have Cereal Ingredients, Inc. select St. Joseph for its first expansion outside of their campus in Leavenworth, Kansas,” said R. Patt Lilly, President and CEO of the St. Joseph Chamber of Commerce and Economic Development Partnership. “Cereal Ingredients is an established company providing innovative and quality products for the food industry. We appreciate the confidence of the company’s leadership team to select and invest in St. Joseph and create such excellent jobs.”
Cereal Ingredients, Inc. is a privately held, employee-owned specialty ingredients manufacturer that was established in 1990 to research, develop and market unique, new food ingredients. The company holds multiple worldwide product and process patents.