LONGVIEW - MG Foods has announced the acquisition of the former Coors facility in the 2000 block of Cotton St.
MG Foods agreed to an incentive package with the Longview Economic Development Corporation (LEDCO) that requires the company to hire 40 people each year for the next three years.
The company will receive a $450,000 performance grant for their minimum capital investment of $2.6 million in building purchase, expansion, remodel, equipment and creation of the new jobs.
MG Foods said the expansion would help the company meet increased demand from its fresh products division, with Longview serving as a launching point for the Central U.S. It also will allow the company to ship frozen products across the country.
Coors of Longview closed its doors in fall 2014 after a fire tore through the business' distribution center in June, destroying a portion of the distributor's coolers.
MG Foods will purchase what was left of the property, which includes a cold-storage portion and a covered area behind it. The cold portion will be used for prep work and cooking, and the company will build new office and food-grade storage space at the property.
MG Foods is a division of Gallins Foods in Winston-Salem, N.C. It sells food such as sandwiches, wraps and salads.
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