Flush with cash from its new private equity owner, Weaver Popcorn will spend more than $22 million to expand one of its hometown Van Buren, Ind., operations.
Several media report the expansion will include new production lines, packaging lines and other food processing technologies. The Van Buren campus has two manufacturing plants and a corn processing facility that altogether have received more than $16 million dollars in upgrades in the past two years, according to Inside Indiana Business.
The company was acquired by AUA Private Equity Partners in January. In March, Weaver Popcorn Hybrids announced plans to invest $15 million to develop a new campus in Crawfordsville, Ind., and create up to 14 jobs.
About the Author
Dave Fusaro
Editor in Chief
Dave Fusaro has served as editor in chief of Food Processing magazine since 2003. Dave has 30 years experience in food & beverage industry journalism and has won several national ASBPE writing awards for his Food Processing stories. Dave has been interviewed on CNN, quoted in national newspapers and he authored a 200-page market research report on the milk industry. Formerly an award-winning newspaper reporter who specialized in business writing, he holds a BA in journalism from Marquette University. Prior to joining Food Processing, Dave was Editor-In-Chief of Dairy Foods and was Managing Editor of Prepared Foods.