LONGMONT – The J.M. Smucker Co. (NYSE: SJM) has closed on the purchase of land in Longmont where it plans to build a $340 million manufacturing plant that could employ up to 500 people.
J.M. Smucker Co., paid $4,649,700 to Highway 119 Holdings LLC for vacant land in the Concepts Industrial Park near the northwest corner of Colorado Highway 119 and Fairview Street, according to public records.
In January, the company said the plant would be built in two phases and employ approximately 250 workers when phase one is complete and up to 500 employees in total with the completion of phase two.
Phase one includes up to an initial $200 million investment to construct and operate the new facility, with an additional $140 million for phase two expansion, dependent on product demand.
The company said it wants to start construction this spring with production expected to begin in 2019.
The plant will help meet growing demand for Smucker’s Uncrustables sandwiches, which are pre-made frozen peanut butter and jelly sandwiches. The Smucker’s Uncrustables sandwiches brand has grown from approximately $10 million in annual sales in 2000 to a $200 million business and ended fiscal 2016 with its 17th consecutive quarter of double digit growth in U.S. retail sales. The plant in Longmont will complement the company’s plant in Scottsville, Ken. That makes the sandwiches.
J.M. Smucker is slated to receive incentives from Longmont, Weld County and the state of Colorado.