Colgate's Hill's Pet Nutrition Invests $250M To Build New Factory In Kansas

Colgate-Palmolive Company’s CL division Hill’s Pet Nutrition has announced more than $250 million investment to build a new factory.
The factory will be built in Leavenworth County in their home state of Kansas to help meet the growing demand for their vet recommended Hill’s pet nutrition.
The facility will be built on 80 acres in Tonganoxie Business Park in Tonganoxie, Kansas.
“This project will represent the largest capital investment ever made by a manufacturer in Leavenworth County,” said Steve Jack, Executive Director, Leavenworth County Development Corporation.
The Tonganoxie plant will be Hill’s fourth manufacturing site in the U.S.
Colgate has cash and equivalents of $995 million as of March 31, 2021.
Price action: CL shares are trading lower by 1.15% at $81.48 on the last check Friday.