St. Louis-based consumer packaged goods holding company Post Holdings has announced its Michael Foods unit is planning to spend $146 million to expand its Nowalk, Iowa, egg production facility. The price tag includes buying machinery and equipment to increase the site’s production capacity.
The project will add an estimated 132,000 sq ft, nearly doubling the size of the existing 150,000-sq-ft facility, which has been processing eggs and precooked egg products since its opening in 2019. Scheduled to begin this July, the expansion project is expected to be complete in December 2024, and will create an estimated 186 new jobs.
The Iowa Economic Development Authority board approved $4.27 million in tax credits for the project through the state’s High Quality Jobs Program, according to the Des Moines Register.
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“We are excited our continued growth led us to seek expansion in Norwalk, where we are an employer of choice,” says Steve Schonhoff, senior vice president of integrated supply chain, Michael Foods.
“We appreciate the support we’ve received from the City of Norwalk and the Iowa Economic Development Authority,” adds Mark Westphal, president and chief executive officer of Michael Foods. “As the nation’s leader in valued-added egg products, this expansion will allow us to continue to meet our customers’ needs.”
Based in Hopkins, Minn., Michael Foods produces and distributes an extensive portfolio of egg and potato products, and is the largest processor of value-added eggs in the U.S. Its brands include Papetti’s, Abbotsford Farms, Simply Potatoes, and Easy Eggs. It has multiple manufacturing locations from the Northeast to the Southwest.
