The investment will support a research and development innovation studio, as well as manufacturing efficiencies and advancements in food safety at Mars’ Hackettstown, N.J. manufacturing facility.
The second phase of Rich’s plant expansion is supported by National New Markets Fund, LLC, which will invest $17.5 million of its New Markets Tax Credit allocation.
The next generation of the company’s plant-based crumbles offer a good source of protein, are low in saturated fat, and meet nutrition program criteria of the American Heart Association and the American Diabetes Association.