Sector News

Nestle to invest $320 million in U.S. pet food factory

September 28, 2017
Food & Drink

Swiss food group Nestle (NESN.S) said on Wednesday it would invest $320 million in a new pet food factory and distribution center in the United States between now and 2023.

Petcare is one of the business areas Nestle identified at its investor seminar on Tuesday as a high-growth category on which it wants to focus capital spending.

The new factory and distribution center in Hartwell, Georgia, will create as many as 240 new jobs over the next five years, Nestle said in a statement.

By Silke Koltrowitz

Source: Reuters

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