Kraft Heinz, one of the world’s largest food and beverage firms, has announced an agreement to sell its cheese plant located in Campbell, NY, USA to Upstate Niagara, a dairy farmer cooperative.
The deal, expected to be completed within the next 30 to 60 days, is said to see employment at the site increase to more than 150 jobs over the coming year.
“As a dairy cooperative owned by farm families throughout the region, this acquisition is an investment by our member owners towards continued and long-term growth for our cooperative and the Campbell facility”, said Larry Webster, CEO of Upstate Niagara Cooperative. “We are proud to be able to keep manufacturing jobs within the community while offering additional products and manufacturing capabilities to our customers”.
Michael Mullen, SVP of corporate & government affairs at Kraft Heinz, said the deal included “a long-term co-packing agreement with Kraft Heinz” and that the company would provide up to $5 million of investment to improve and maintain the Campbell facility.
Source: Kraft Heinz