Campbell to Expand Goldfish Production Capacity with $160 Million Investment in Richmond, Utah Bakery
Retrieved on:
Tuesday, July 25, 2023
Campbell Soup Company (NYSE: CPB) today announced it is investing approximately $160 million in its Richmond, Utah, manufacturing facility to expand production of Goldfish crackers to help meet increased consumer demand.
Key Points:
- Campbell Soup Company (NYSE: CPB) today announced it is investing approximately $160 million in its Richmond, Utah, manufacturing facility to expand production of Goldfish crackers to help meet increased consumer demand.
- The new line will increase the bakery’s output of Goldfish by 50 percent and produce over 5 million Goldfish per hour or 1,500 Goldfish every second.
- As part of the project, Utah Flour Milling, LLC will build a flour mill adjacent and connected to the Campbell bakery.
- This is Campbell’s third Goldfish capacity expansion in the past two years, following bakery expansions in Lakeland, Florida and Willard, Ohio.