DeMet’s Candy Significantly Increases Capacity in Big Flats with $41 million Investment
Big Flats, New York, September 23, 2015– DeMet’s Candy, maker of America’s most beloved chocolate indulgences including TURTLES® and FLIPZ®, announces the first phase of a $41 million expansion plan of its Big Flats facility in upstate New York. CEO Trip Tripathy will host a groundbreaking ceremony at the site on Thursday, Sept. 24, 2015
The first phase of the expansion will add approximately 20,000 sq. ft. and will increase production capacity by roughly 50 percent, while creating 20 new full time jobs. It will also see a new R&D lab and new processing lines to enable further innovation and broader range of products.
As part of the investment, aging equipment will also be upgraded and new technologies will be employed to increase operational excellence.
The first phase of the expansion will be fully operational by July 2016. Phase two will roll out in 2018 and will add manufacturing lines and up to 50 more full time jobs. The overall plan includes expanded working space and employee services as well.
“The state of New York offers great growth opportunities and support for businesses like DeMet’s Candy,” says CEO Trip Tripathy. “This is a major investment in our presence in the Elmira-Corning region and we are quite pleased to be offering employment to the local community.”
Tripathy also elaborated on the company’s future plans. “The expansion is part of a long term strategy to unlock further growth for TURTLES and FLIPZ and expand DeMet’s Candy Company’s operations. We aim to grow our business 20-25 percent over the next 3 years.”
DeMet’s Candy owns two production facilities; the facility in Big Flats, New York which currently employs approximately 125 full time employees and the Mohnton, Pennsylvania facility which employs approximately 80 full time employees.
DeMet’s Candy works with Streeter Associates as contracting partner throughout the entire expansion process.
ABOUT DEMET’S CANDY COMPANY
DeMet’s Candy Company makes America’s most beloved chocolate indulgences including the timeless classic, TURTLES® Caramel Nut Clusters and the irresistible anytime snack, FLIPZ®. Taking great pride in honoring the traditions George DeMet intended when his family opened his first candy store back in the early 1920’s, it’s the DeMet’s way to use only the very best ingredients. From baking pretzels fresh in-house daily, to taking the time to make homemade caramel, and sourcing world-class chocolates and premium nuts, all of DeMet’s confections are sure to delight. To learn more, visit www.demetscandy.com .
DeMet’s Candy Company is owned by Yildiz Holding, owner of the master brands Ülker, McVitie’s, and Godiva. Yildiz is a global, snacking focused food company with over 320 brands in 49 different categories. With 77 factories in 14 countries, the company exports to 100+ countries and operates in a geography home to approximately 4 billion people. Yildiz is the world’s 3rd largest biscuit company and employs 49,000 people around the world. To learn more, visit https://english.yildizholding.com.tr/.