Governor McDonnell Welcomes Sabra Dipping Company to Virginia
– Cuts Ribbon at Company's New State-of-the-Art Manufacturing Plant in Chesterfield County; Facility will Create 260 New Jobs –
CHESTERFIELD- Governor Bob McDonnell traveled to Chesterfield today for the official ribbon cutting ceremony opening Sabra Dipping Company's new food manufacturing plant. The plant will make Sabra branded dips and spreads, including the country's best-selling Sabra hummus and vegetable dips. The opening of the plant will create 260 new jobs. Sabra's decision to move to Virginia was announced by former Governor Tim Kaine in November 2008.
Speaking about today's ribbon cutting ceremony Governor McDonnell noted, "I want to thank my predecessor, Governor Tim Kaine, for his successful effort to bring this great international company to Virginia. Working with the Virginia Economic Development Partnership, the Kaine Administration was aggressive and proactive in convincing Sabra to choose the Commonwealth over two other states that were under consideration for this same project. The result is 260 new jobs in the Richmond/Tri-Cities area, and this Administration was pleased to be a part of the finalization of the venture over the last few months. I look forward to working with Sabra in the years ahead, and I welcome this great corporate partner to Virginia. As Governor I will be vigilant in ensuring that the Commonwealth remains a great, pro-business host for Sabra and all our job-creating employers. We will do that by keeping taxes low, regulations and litigation at a minimum and putting in place the policies our private sector employers need in order to grow and be successful. The number one priority of our Administration is job creation, and today is another positive step forward in this effort."
From the Initial Announcement in 2008:
Sabra Dipping Company, LLC of Astoria, New York, makes a wide range of refrigerated dips and spreads using fresh herbs and spices, and authentic recipes and healthy vegetables. All of the products are certified kosher and vegetarian and available across the nation.
Sabra Dipping Company was formed as a U.S./Canadian joint venture between Strauss Group and PepsiCo. The Sabra joint venture draws on both Strauss Group and Frito-Lay North America's marketplace expertise to continue building this growing business. Frito-Lay is a business unit of PepsiCo. This will be the first new facility built since the formation of the Sabra Dipping Company joint venture.
Strauss Group (TASE: STRS), Israel's second largest food and beverage Group, has over the past few years become an international corporation with a steadily growing part of its business conducted outside of Israel. The Group employs more then 11,000 people and operates in nineteen countries. Over the last five years, the Group has consistently achieved double-digit growth, doubling its business in that period and generating NIS 6 billion (around $1.7 billion) in turnover at the end of 2007, of which 45 percent originated in international activities. The Group focuses on key consumption trends in the food industry via three business divisions: Health & Wellness, Fun & Indulgence, and Coffee.
The Group collaborates with a number of leading multinationals –PepsiCo and Lavazza – and is traded on the Tel Aviv 25 Index.
The Group has cultivated its coffee business extensively and is among the top ten players in the world's coffee markets with operations in 11 countries, and is one of the largest corporations in the emerging markets of Central and Eastern Europe and the second largest in Brazil. The Group's global fun and indulgence activities have focused around the development of a unique line of chocolate bars under the Max Brenner brand. In North America, the Group's health and wellness business is being led by Sabra. For more information, please visit www.strauss-group.com.
Frito-Lay North America is the $11 billion convenient foods business unit of PepsiCo, which is headquartered in Purchase, New York.
PepsiCo (NYSE: PEP) is one of the world's largest food and beverage companies, with 2007 annual revenues of more than $39 billion. The Company employs approximately 185,000 people worldwide, and its products are sold in approximately 200 countries. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The PepsiCo portfolio includes 18 brands that generate $1 billion or more each in annual retail sales. PepsiCo's commitment to sustainable growth, defined as Performance with Purpose, is focused on generating healthy financial returns while giving back to communities the Company serves. This includes meeting consumer needs for a spectrum of convenient foods and beverages, reducing the Company's impact on the environment through water, energy and packaging initiatives, and supporting its employees through a diverse and inclusive culture that recruits and retains world-class talent. PepsiCo is listed on the Dow Jones Sustainability North America Index and the Dow Jones Sustainability World Index. For more information, please visit www.pepsico.com.
The Virginia Economic Development Partnership worked with Chesterfield County, the Greater Richmond Partnership and Virginia's Gateway Region to secure the project for Virginia. Governor Kaine approved a $350,000 grant from the Governor's Opportunity Fund to assist Chesterfield County with the project. The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Virginia Department of Housing and Community Development. The Virginia Department of Business Assistance will provide training assistance through the Virginia Jobs Investment Program.
# # #