PepsiCo Inc. and German dairy giant Theo Muller Group ended production Thursday at a western New York yogurt plant that opened with much fanfare and state money in 2013, saying it didn’t meet expectations in a competitive and dynamic marketplace.
The $208 million yogurt plant was opened in the spring of 2013 with about $14 million in state tax credits as a key player in the yogurt boom touted by Gov. Andrew Cuomo at the state’s first „yogurt summit“ in 2012.
New York has been the top U.S. yogurt producer for several years because of the booming Greek yogurt sector. Top players in the state are Chobani, Fage, and until Thursday, Muller.
Prague, 11 December 2015