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Universal Corporation announces new business to produce innovative food ingredients

Wednesday, 16 Apr 2014 04:04pm EDT 

Universal Corporation:Enters fruit and vegetable food ingredients market through new subsidiary, Carolina Innovative Food Ingredients, Inc.New business will utilize advanced technology to produce high quality food grade dehydrated and juiced fruit and vegetable products.Carolina Innovative Food Ingredients, Inc. expects to invest about $20 mln over two years in new juice and dehydration facility that will be located in Nash County, North Carolina.Says will be managed by company's North American regional management team.Business is expected to begin production during the first quarter of calendar year 2015 and will employ about 64 people. 

Company Quote

-0.53 -0.93%
25 Nov 2015