News

CTI Foods Subsidiary Invests $44 Million to Expand Owingsville, Kentucky, Production Facility

December 2012 – CTI Foods Acquires Custom Food Products, LLC

July 2012 – CTI Foods Acquires AFA Foods, Inc. King of Prussia Ground Beef Processing Plant

 




CTI Foods Subsidiary Invests $44 Million to Expand Owingsville, Kentucky, Production Facility


(c) 2013 Halcyon Business Publications, Inc. September 12, 2013 Custom Food Products, a subsidiary of CTI Foods, will invest more than $44 million to expand its operations center in Owingsville, Kentucky, with plans to create up to 200 full-time jobs in The Bluegrass State. The firm manufactures processed beef, pork, chicken, turkey, soups, sauces and tacos for packaged food manufacturers and foodservice chains in North and Central America. The expansion will bring the total number of employees at the Owingsville facility up to nearly 350, and allow the company to expand its services to the East Coast market. "CTI has been seeking to expand its Central and East Coast manufacturing presence for several years. With the acquisition of Custom Food Products last year, our way to the future became clear," said Bobby Horowitz, President and CEO of CTI Foods. "As part of our investigation prior to purchasing Custom Food Products, we spent significant time in Owingsville and were very impressed with the attitude, skills and desire of current associates to make the business successful. After investigating several other options on the East Coast, it became clear to our management team that we wanted to significantly expand our operation in eastern Kentucky. We want to especially thank all of the local and state authorities who have been so helpful to us in this selection process. And we look forward to working with them in the future." CTI Foods also operates food manufacturing facilities in Pennsylvania, Texas, Idaho and California and employs approximately 2,000 people nationally. "Custom Foods has been a valuable member of the Bath County community since 1994, and we're excited to see the company grow and succeed in the Commonwealth," said Gov. Steve Beshear. "This is a major victory for everyone involved, especially when you consider there are 200 new jobs and a $44 million investment on the way as a result of this expansion." As an incentive to encourage the investment and job growth in Owingsville, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $3 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets. KEDFA also approved Custom Foods for tax benefits up to $100,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development and electronic processing equipment. "I am thrilled for the opportunity to continue working with the good people at Custom Foods as they expand their Owingsville facility," said Owingsville Mayor Gary Hunt. "This project will have a tremendous positive effect on the economy of Bath County and the entire region. I am deeply grateful to everyone who played a role in facilitating this expansion project." For more information call (800) 421-7844 or visit their website at www.ctifoods.com.

Back to Top




December 2012 – CTI Foods Acquires Custom Food Products, LLC


Wilder, Idaho based CTI Foods has acquired Custom Food Products, LLC based in Carson, California. Custom Foods operates two value-added, protein manufacturing locations in Carson, California and Owingsville, Kentucky, while supplying a wide array of products to foodservice restaurant chains and branded food manufacturers.


The addition of Custom Foods provides CTI with additional manufacturing capabilities and further expands the company’s geographical footprint within the U.S. to a nationwide basis. CTI Foods now operates seven manufacturing locations throughout the U.S., allowing it to even better serve the needs of its national restaurant chain and value-added food processing customers with its wide array of high quality, customized protein products, soups, sauces, side dishes and dehydrated pinto beans.


Headquartered in Wilder, ID, CTI Foods is a culinary-driven company that offers a diverse range of custom food solutions to the foodservice industry, including raw and pre-cooked protein, soups and sauces and dehydrated beans. CTI Foods has seven state-of-the-art food processing facilities and has over 1,000 employees at its Idaho, California, Kentucky and Texas locations. For more information call (800) 421-7844 or visit their website at www.ctifoods.com.

Back to Top




July 2012 – CTI Foods Acquires AFA Foods, Inc. King of Prussia Ground Beef Processing Plant


WILDER, Idaho, July 13, 2012 /PRNewswire/ — CTI Foods Holding Co., LLC ("CTI" or the "Company"), a leading provider of food products to national chain restaurants, today announced that it was the successful bidder for the former AFA Foods, Inc. King of Prussia, PA ground beef processing facility. The transaction received court approval today and is expected to close next week.


Bobby Horowitz, CEO of CTI Foods, said, "As we continue to grow our company on a national basis it was important to establish a manufacturing presence on the East Coast. AFA's King of Prussia is an outstanding facility that will allow us to strengthen our already close relationships with customers and suppliers to provide a variety of high quality food products."


Headquartered in Wilder, ID, CTI Foods is a culinary-driven company that offers a diverse range of custom food solutions to the foodservice industry, including raw and pre-cooked protein, soups and sauces and dehydrated beans. CTI Foods has seven state-of-the-art food processing facilities and has over 1,000 employees at its Idaho, California, Kentucky and Texas locations. For more information call (800) 421-7844 or visit their website at www.ctifoods.com.

Back to Top