Nestle to invest $320 million in US pet food factory - Reuters

Nestle to invest $320 million in US pet food factory - Reuters

ZURICH (Reuters) - Swiss food group Nestle (NESN.S) said on Wednesday it would invest $320 million in a new pet food factory and distribution center in the United States between now and 2023.

Petcare is one of the business areas Nestle identified at its investor seminar on Tuesday as a high-growth category on which it wants to focus capital spending.

The new factory and distribution center in Hartwell, Georgia, will create as many as 240 new jobs over the next five years, Nestle said in a statement.

Reporting by Silke Koltrowitz

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