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TagsExpects to hire 90 more employees
Lt. Gov. Kim Guadagno joined with Pinnacle Foods Group executives and other state and local officials Tuesday in Cherry Hill to celebrate the company's decision to remain and expand in New Jersey.
The company's new, 57,000-square-foot facility, located at the Woodcrest Corporate Center, represents the private investment of more than $6 million and will result in the creation of 90 new jobs and the retention of over 130 others.
"This expansion represents a significant milestone for Pinnacle Foods Group and we are pleased to be able to celebrate our commitment to growing and prospering in New Jersey Chief Executive Officer Bob Gamgort said. "With the support of the state, New Jersey's highly-skilled workforce and our excellent location in Cherry Hill, we are in a great position to better serve our customers and consumers and we look forward to continued success."
"Pinnacle Foods decision to remain and grow in New Jersey is great news for the state, especially since they could have gone anywhere in the country," Guadagno said. "Every day as we continue to make New Jersey a home for growth, we're seeing a growing list of companies committed to staying and growing in the Garden State because of the Christie administration's efforts.''"We know that companies like Honeywell, Coca Cola Enterprises, and now Pinnacle Foods are choosing New Jersey because of our improving business climate, accessibility to the markets they serve, and our highly skilled workforce,'' Guadagno said.
Pinnacle Foods is a producer and distributor of branded food products. The company was originally formed in 2001 to acquire the North American business of Vlasic Foods International, which had been located in Cherry Hill since 1998. Pinnacle is currently owned by private equity funds controlled by The Blackstone Group.
With the 2009 acquisition of Birds Eye Foods Inc., Pinnacle Foods' brands now include Birds Eye frozen vegetables, Hungry-Man single-serve frozen dinners and entrees, Birds Eye Voila! multi-serve frozen dinners and entrees, Van de Kamp's and Mrs. Paul's frozen seafood, Aunt Jemima frozen breakfast, Lender's bagels, Celeste frozen pizza, Duncan Hines baking mixes and frostings, Vlasic shelf-stable pickles, peppers and relish, Open Pit barbeque sauces, Comstock and Wilderness pie fillings, Mrs. Butterworth's and Log Cabin syrups, Bernstein's salad dressing, Armour, Nalley and Brooks canned meat, and Tim's Cascade and Snyder of Berlin snack products.
The company's brands can be found in more than 85 percent of American homes.
Pinnacle was approved for a Business Employment Incentive Program (BEIP) grant worth an estimated $920,000 over ten years from the state Economic Development Authority to support its expansion. The company also was approved for a $182,600 Business Retention and Relocation Assistance Grant from the EDA to support the retention of over 133 jobs. This assistance was considered a major factor in Pinnacle's decision to remain in New Jersey.
– TOM HESTER SR., NEWJERSEYNEWSROOM.COM
