S&D Coffee to invest $97m for expansion
S&D Coffee, a Concord-based producer of coffee, tea and other beverages, plans to invest $97m over the next five years, as part of strategy to accommodate current and future growth.
The company, which employs 613 workers in seven sites across the state, has seen sales grow 400% over the past decade.
S&D Coffee currently produces an extensive line of products that include roasted whole bean and ground coffee, specialty coffees, cappuccinos, lattes, hot chocolates, iced tea, hot tea and juices.
The company supplies coffee products to restaurants, hotels, vending and offices.
The project, being supported in part by state grants from the Job Development Investment Grant and the One North Carolina Fund award of $300,000, is expected to create 200 jobs.
S&D Coffee board chairman, president and CEO Ron Hinson said that even though the company considered locations in other states for the new round of expansion, but decided to stay in North Carolina and the Concord community.
"We thank the state of North Carolina, Cabarrus County and the city of Concord for their tremendous support. It seems fitting that S&D's bright future as a premier national manufacturer should advance in the same community where we have been since 1929."