- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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