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.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
No comments:
Post a Comment