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Red River Foods Plans Henrico County, Virginia, Processing Facility

07/29/2021
Red River Foods, Inc., a U.S. supplier of premium specialty snacks headquartered in Richmond, will invest $16.5 million to establish a warehouse and processing facility for tree nuts, seeds, and dried fruits in Henrico County, Virginia. The project is expected to create 60 new jobs.

A vertically integrated company, Red River takes control of the supply chain from harvest to the hands of customers, maintaining strong relationships with farmers, processors, and customers to ensure a quality product that is ethically and sustainably grown.

“We have called the Richmond region home since my father, Jim Phipps, moved the company from New York City to Virginia in 1991,” said Dan Phipps, CEO of Red River Foods. “Although we have experienced tremendous growth since that time, a majority of our personnel expansion has been concentrated in cashew-growing countries within Africa and Asia. Investing in Henrico County is further investment in our value chain. Creating valuable jobs here in our local community is one step further in connecting our farmers to our customers.

The Virginia Economic Development Partnership (VEDP) worked with the Henrico Economic Development Authority to secure the project for Virginia. Red River Foods is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. The company is also eligible to receive benefits from The Port of Virginia Economic and Infrastructure Development Zone Grant Program.

“The Commonwealth’s food and beverage processing industry employs more than 42,000 Virginians and is a powerhouse for our economy thanks to investments by corporate partners like Red River Foods,” said Secretary of Commerce and Trade Brian Ball. “The company’s commitment to quality and sustainability is commendable, and we are excited to welcome this new warehouse and processing facility to Henrico County.”

Red River Foods is a leading global supplier of a wide variety of tree nuts, dried fruits, seeds, and specialty snack products. The company has established a worldwide reach, serving a customer base of over 200 companies with over 75 products sourced from more than 20 countries around the globe.

“The news that Red River Foods is expanding in Henrico County is a positive development for Virginia’s economy,” said Stephen A. Edwards, Virginia Port Authority CEO and Executive Director. “Red River sources products from around the world, and The Port of Virginia is ready to help this company extend its reach by playing an integral role in its logistics supply chain. We look forward to helping Red River leverage the efficiency of this world-class port to help the company grow and prosper for years to come.”

Virginia successfully competed with Maryland, New Jersey, and Pennsylvania for the project.

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