updated: 5/1/2012 8:43:21 AM
Nebraska-based Naturally Recycled Proteins LLC is set to hold a ribbon cutting today on a $15 million plant in Blackford County. The manufacturer of protein additives for pet foods announced plans last summer to create nearly 70 jobs at the plant.
The company originally considered Randolph County, but many homeowners there spoke out against it, worried about the odor.
Originally posted July 19, 2011
MONTPELIER, Ind. - Naturally Recycled Proteins, LLC, a manufacturer of protein additives for pet foods, announced today that it will build a new plant here, creating up to 68 new jobs by 2014.
The company, which developed a patented process utilizing natural enzymes to produce a high-protein, easily-digested feed supplement, will invest $15 million in two new facilities totaling 55,500 square feet that will be built on approximately 20 acres at the Montpelier Industrial Park. The Montpelier Industrial Park was one of the first sites in the state of Indiana to earn the "Shovel-Ready" designation.
"We are excited about welcoming Naturally Recycled Proteins to our state and especially excited about bringing new opportunities to the people of Blackford County," said Governor Mitch Daniels. "We have worked hard to create a competitive businesses climate for companies to thrive, and there is no question that Naturally Recycled Proteins will be successful here due to the work ethic and productivity of Hoosiers."
Naturally Recycled Proteins will begin construction of their new Montpelier facility in late July and plans to begin hiring new administrative, manufacturing, maintenance and driver positions in January 2012.
"There were a number of potential sites originally considered within Indiana and surrounding states but the economic stability, pro-business attitude and labor availability were very large deciding factors in choosing the city of Montpelier for our new manufacturing and transportation facilities," said Al Koch, chief executive officer of Naturally Recycled Proteins. "The industrial complex within the city of Montpelier provides the necessary infrastructure for our needs with respect to roads, access, utilities, gas supply and other available services."
Founded in 2003 to fill a niche as an additional protein source for pet food, Naturally Recycled Proteins implemented a patented, natural enzymatic system to process various proteins into a value added ingredient for a number of pet food companies in the United States and around the world. The company also operates two similar facilities in Nebraska and Iowa.
The Indiana Economic Development Corporation offered Naturally Recycled Proteins, LLC up to $475,000 in performance-based tax credits based on the company's job creation plans. The city of Montpelier will provide additional property tax abatement at the request of the Blackford County Economic Development Corporation.
"This is a significant step forward for the residents of Montpelier and Blackford County," said James McPherson, Mayor of the city of Montpelier. "It has been a pleasure working with Al Koch and other NRP executives each day for the past several months as we finalized this project. NRP is a wonderful company that will be a tremendous asset to Montpelier and we welcome them to the community."
Naturally Recycled Proteins' announcement adds to the recent good news about Indiana's economy. According to a report released last month by the U.S. Bureau of Economic Analysis, Indiana's Gross Domestic Product grew at a rate of 4.6 percent in 2010, the third fastest growth in the nation and more than 50 percent faster than the national average.
About Naturally Recycled Proteins
Naturally Recycled Proteins was formed in 2003 to provide naturally processed protein additives for pet food manufacturers. The company's key ingredient is utilized as a chicken and egg flavor additive into final pet food product formulations found on retail shelves nationwide. Most US based retailers carry one or more products in their current retail mix with a protein source from Naturally Recycled Proteins. The company currently operates two similar facilities in Nebraska and Iowa. The addition of the Indiana location is a function of increased demand from its key customers.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov.
Source: Indiana Economic Development Corporation