DeMet's Candy Begins $41M Expansion | Global AgInvesting

DeMet’s Candy Begins $41M Expansion

DeMet’s Candy Begins $41M Expansion

DeMet’s Candy, maker of snacks and candy under the Turtles, Treasures, and Flipz brand names, has begun the first phase of a $41 million expansion at its New York State facility.

 

The first phase of the expansion will entail the addition of 20,000 square feet and will boost production capacity by 50%. It will also include a new research and development lab and new production lines to expand the number of products that can be produced at the site. All work will integrate new technologies and aging equipment will be replaced.

 

This first phase of the expansion is scheduled to be completed by July 2016, prior to phase two of the expansion which will begin in 2018 and which will add more production lines to the facility, expand work space, and provide for expanded employee services.

 

This endeavor by DeMet’s is part of a wider long-term strategy to support growth of between 20% and 25% for the company within three years as well as further strengthen the Turtles and Flipz brands.

 

DeMet’s Candy is a subsidiary of Yildiz Holding, which owns more than 320 brands in 49 different categories including the master brands Ülker, McVitie’s, and Godiva.