Snack Maker Lotus Bakeries Invests $84M in Expansion

SourcePowder Bulk Solids
Date Published06/22/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Lotus Bakeries
Parent company Lotus Bakeries i
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):62
Year reshoring announced:2022
Capital investment ($):84
Country(ies) from which reshored:Belgium
City reshored to:Mebane
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Food & Beverage
Product(s) reshoredBiscoff cookie
What domestic positive factors made reshoring more attractive?Government Incentives, Skilled workforce availability/training
Government Incentive dollar amount:$120,000
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