“This expansion is strongly aligned with our strategy of adding further value to our whey stream,” said Daragh Maccabee, Executive Vice President/CFO of Glanbia Foods. “The company considered various options and locations for these new activities but ultimately came to the conclusion that Idaho was the right location. We have a long track record in Idaho, and the support of the state and local communities was instrumental in our choice of Idaho for renewed expansion.”
Specifically, Glanbia will invest in manufacturing processes to meet the growing demand for high-quality whey products, such as:
- The expansion of high end whey protein production in Gooding to include Whey Protein Isolate.
- The creation of a center of excellence for the in-house blending and agglomeration of high-end nutritional products.
- The introduction of lactoferrin production to the Twin Falls location and the internal drying capacity expanded to cater for both Twin Falls and Gooding production.
To facilitate these developments and further future growth, Glanbia will pay for a 30 MW energy substation on current Glanbia land at the Gooding facility, and will free up 12MW of existing capacity for alternative uses in the area. The new facilities will be fully operational by 2016.
As an incentive, Glanbia is approved to receive a Tax Reimbursement Incentive credit of 23 percent for 10 years, which was matched by the local community. The Gooding County Board of County Commissioners approved a property tax exemption on the incremental new capital investment.
“The entire Southern Idaho region celebrates this announcement today along with the addition of more than 40 good paying jobs,” says Jan Rogers, Executive Director, Southern Idaho Economic Development Organization. “This represents Glanbia’s continued investment in dairy production, blending and manufacturing capabilities as well as an investment in our quality workforce,” she said.
“This is yet another exciting announcement for the Magic Valley to see one of its own home-grown companies expand and create new jobs,” said Governor C.L. “Butch” Otter. “We are particularly thrilled that we were once again able to leverage the Tax Reimbursement Incentive to support the growth of an existing Idaho company.”