Peanut butter maker Golden Boy Foods has announced plans to invest $13.3 million in its Troy facilities, doubling its industrial footprint and increasing production capacity by 150%.
Company funds will be used for equipment. The City of Troy Industrial Development Board is investing another $12.5 million in a 170,000-square-fooot building to be leased to Golden Boy.
“Southeast Alabama is peanut country, and I welcome Golden Boy Foods’ decision to expand its peanut butter manufacturing operation in Troy,” Governor Kay Ivey said. “By selecting Sweet Home Alabama, I know the company has picked the right place to pursue its growth plans.”
“Golden Boy Foods is excited to expand our Troy, Alabama Nut Butter facility,” said Plant Manager Robert Jacobs. “A key factor in selecting to expand the Troy facility has been the outstanding business relationship that we have shared with local and state officials since the inception of the plant in 2011.”
The upgrade will also provide air-conditioned workspace for workers.
“We believe this will allow even greater productivity. The work ethic we have found is second to none, again leading to our decision to expand in Troy,” Jacobs said. “We are proud to call ourselves Trojans and will continue to look at opportunities to further our investment in Troy. We will be one of the largest nut butter plants in the U.S. and firmly believe that this growth will continue into the future.”
Golden Boy Foods is one of the largest manufacturers of private label and contracted manufactured nut butter in North America as well as a significant supplier of nuts, fruits and trail mixes to major North American retailers.
Golden Boy production sites in Georgia and Nevada were also considered for the growth project. The company last expanded in Troy in 2016 and now has 112 employees there.