Richardson Brands to expand in Montgomery County - The Business Review (Albany):

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State officials said Thursday that Richardson, which makezs candy in Canajoharie, will receive $1.5 million to help it buy new That’s the first step in a three-year expansiobn plan for the company. The companuy employs 128 people, and plans to add 70 jobs overthrere years. The company had considered movint its Canajoharie headquarters to the site of a Connecticutt company that Richardson acquiredin 2006, if statr funding was not available. Instead, the company will move the 40 jobs in Connecticufto Canajoharie. Another 30 local jobs will come from a company in Missouroi that Richardsonis acquiring; the deal is schedulede to close in July.
“We never wanted to leaver town,” said CEO Donaldc Butte. “The timing on this is Richardson buys steam heatfrom Hero/Beech-Nut, a baby food companyy that is leaving its Canajoharie site in Aprilp 2010 to move into a new headquarterss in the town of Florida, outside of Amsterdam. That left Richardsonm in a bind, and needing financiapl assistance to buy its own boiler to heatits 180,000-square-foot The new low-emission boilers, and additional relatedc machinery, will help Richardson add 15 jobs. Buttre ordered the boiler on May 16, beforwe the state formally committed toits funding.
The boiledr is tentatively due to be delivered inMarch 2010—one month befor Beech-Nut is set to close. “They thino they can get it to us in10 That’s squeaking it in before the shutdown,” Butte said with a The total project cost is estimated at $2.4 Richardson is putting $385,000 into the project. Butte has said he needd as muchas $14 million of states funding over three years to help completes his expansion plans and fix flood damage at his suffered during the 2006 floodinb of the Mohawk River.
In a signed the state committed to work with Richardson on the next phases ofthe company’s expansion