TreeHouse Foods Buying Maryland Company
CAMBRIDGE, Md. (AP) -- Maryland officials say the food processing company Protenergy Natural Foods in Cambridge is being acquired by Oakbrook, Illinois-based TreeHouse Foods for $150 million.
Upgrades are planned for the Cambridge facility as part of the acquisition. The Maryland Department of Business and Economic Development announced the acquisition Thursday.
TreeHouse plans to invest $6 million to purchase new equipment and increase the plant's capacity. The expansion is expected to create 35 new jobs.
Protenergy is based in Canada. The Cambridge facility is its first and only U.S. location.
Protenergy bought the manufacturing assets of FoodSwing Inc. in 2011 and initially planned to move the facility to Indiana. But Maryland officials negotiated with the company to keep the facility in Cambridge and provided incentives to expand. The company more than tripled its workforce.