Peanut processor to speculate $17 M in Elizabethtown facility

ELIZABETHTOWN — Severn Peanut Firm, a peanut sheller, will create 44 jobs in Bladen County, Governor Roy Cooper introduced at present. The corporate will make investments $17 million to improve and renovate its facility in Elizabethtown for peanut butter manufacturing.

“Severn Peanut Firm in Elizabethtown continues to create good jobs which spotlights our world class farmers and numerous workforce which assist make North Carolina the most effective state to do enterprise,” stated Governor Cooper. “We all know agriculture is the guts and soul of our financial system.”

Headquartered in North Carolina for greater than 75 years, Severn Peanut, a division of Meherrin Agricultural & Chemical Firm, shells and processes peanuts for growers and retailers. The multi-generation, family-owned mum or dad firm is vertically built-in with shelling, roasting, and packaging companies for its North Carolina-grown peanuts. Severn will improve tools and renovate the Elizabethtown operation to supply bulk peanut butter.

“We’re grateful for the continued help we now have obtained from native and state officers who’ve been integral in transferring the venture ahead,” stated Dallas Barnes, President & CEO of Meherrin. “We additionally wish to thank Governor Cooper and his workplace for his or her management and dedication to North Carolina industries like ours. We’re excited in regards to the alternatives this venture will create for our prospects in addition to present and future staff members, right here within the state we name residence.”

Though salaries for operators, technicians, supervisors, and managers will range by place, the general common annual wage is $41,984, which exceeds Bladen County’s total common annual wage of $41,913. These new jobs could have a possible annual payroll influence of greater than $1.8 million for the neighborhood.

“Offering a lot of the nation’s in-shell peanuts, North Carolina ranks fifth within the nation for peanut manufacturing,” added N.C. Commerce Secretary Machelle Baker Sanders. “Our agricultural legacy, manufacturing prowess, and modern trade help assist agribusinesses thrive in our state and enhance the financial prosperity of rural North Carolina.”

A performance-based grant of $150,000 from the One North Carolina Fund to Peanut Processors of Elizabethtown, LLC, a subsidiary of Severn Peanut, will assist with the corporate’s enlargement in North Carolina. The One NC Fund supplies monetary help to native governments to assist appeal to financial funding and create jobs. Corporations obtain no cash upfront and should meet job creation and capital funding targets to qualify for cost. All One NC grants require matching participation from native governments and any award is contingent upon that situation being met.

“We welcome Severn Peanut’s enlargement in Bladen County,” stated N.C. Senator Brent Jackson. “This enlargement is the results of the diligent work of our state and native officers and financial growth leaders.”

“This elevated funding in Elizabethtown will positively influence our neighborhood,” stated N.C. Consultant William D. Brisson. “Now we have an important enterprise local weather, a reliable workforce, and we’re able to help the corporate with their progress technique.”

Along with the North Carolina Division of Commerce and Financial Improvement Partnership of North Carolina, different key companions on this venture embody the North Carolina Normal Meeting, North Carolina Neighborhood School System, Bladen County, Bladen County Financial Improvement Fee and the City of Elizabethtown.