Maryland Food Company Bought By TreeHouse Foods - 47 ABC - Delmarva's Choice

Maryland Food Company Bought By TreeHouse Foods

Posted: Updated:

CAMBRIDGE, Md. (AP) - Maryland officials say the food processing company Protenergy Natural Foods in Cambridge is being acquired by Oakbrook, Illinois-based TreeHouse Foods for $150 million.
    
Upgrades are planned for the Cambridge facility as part of the acquisition. The Maryland Department of Business and Economic Development announced the acquisition Thursday.
    
TreeHouse plans to invest $6 million to purchase new equipment and increase the plant's capacity. The expansion is expected to create 35 new jobs.
    
Protenergy is based in Canada. The Cambridge facility is its first and only U.S. location.
    
Protenergy bought the manufacturing assets of FoodSwing Inc. in 2011 and initially planned to move the facility to Indiana. But Maryland officials negotiated with the company to keep the facility in Cambridge and provided incentives to expand. The company more than tripled its workforce.

 

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • ContestsMore>>

  • Teacher Who Makes A Difference

    Teacher Who Makes A Difference

    The WMDT 47 Teachers Who Make a Difference Contest is Sponsored by Accurate Optical: "Encouraging children of all ages to come in for an annual eye exam to help them see better in school." Each month weMore >>
    The 47 ABC "Teachers Who Make a Difference" Sponsored by Accurate Optical Encouraging children of all ages to come in for an annual eye exam to help them see better in school.More >>
  • Free Tuition Contest

    Free Tuition Contest

Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.