Golden Boy Foods Plans $13 Million Expansion at Troy, Alabama, Production Plant
To expand peanut butter production, Golden Boy will modify its existing Alabama manufacturing facility and occupy a 170,000-square-foot building being constructed by the City of Troy’s Industrial Development Board and leased on a long-term basis to the company. The growth will essentially double Golden Boy’s industrial footprint in Pike County, where it has operated since 2011.
The project calls for Golden Boy to install $13.3 million in equipment to expand production of the pantry staple at the Alabama site. Troy’s IDB is investing $12.5 million to purchase land and construct the building to accommodate the company’s growth plans. Golden Boy expects to start expanding its operations into the new facility in Troy by late spring 2021.
“Golden Boy Foods is excited to expand our Troy, Alabama Nut Butter facility,” said Plant Manager Robert Jacobs. “A key factor in selecting to expand the Troy facility has been the outstanding business relationship that we have shared with local and state officials since the inception of the plant in 2011.”
“We believe this will allow even greater productivity. The work ethic we have found is second to none, again leading to our decision to expand in Troy,” Jacobs said. “We are proud to call ourselves Trojans and will continue to look at opportunities to further our investment in Troy. “We will be one of the largest nut butter plants in the U.S. and firmly believe that this growth will continue into the future.”
Jacobs said the City of Troy and the Industrial Development Board helped facilitate the project, which will expand the plant’s production by 150 percent and improve working conditions for employees with an air-conditioned workspace.
Golden Boy Foods is one of the largest manufacturers of private label and contracted manufactured nut butter in North America as well as a significant supplier of premium nuts, fruits and trail mixes to major North American retailers. Golden Boy production sites in Georgia and Nevada were also considered for the growth project. The company last expanded in Troy in 2016 and now has 112 employees there.
“In Alabama, we have a long track record of working together as a team to find creative solutions that help companies thrive and grow after they arrive in our state,” said Greg Canfield, Secretary of the Alabama Department of Commerce.
The Evolution of the Megasite
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
The 2021 Top States for Doing Business Reflect Their Locational Advantages
18th Annual Consultants Survey: Access to Major Markets and Skilled Labor Are Clients’ Primary Concerns
Innovative and Collaborative Design Sets the Stage for Life Science Innovation
2021 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
Driving Into An Electric Vehicle Future