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A USDA loan guarantee helped North Carolina Company expand and create 80 jobs
Mon, 2013-06-24 12:45

During these difficult economic times, we know that one of the best ways to help aid in the recovery process is to assist businesses that create jobs, and spur growth. In Troy, North Carolina, USDA Rural Development had the opportunity to highlight our successful efforts with a local company Aseptia/Wright Foods.

Lillian Salerno, Acting Administrator for U.S. Department of Agriculture’s (USDA) Rural Business-Cooperative Service, visited the local business. Under USDA Rural Development, in 2012, USDA guaranteed a $5.5 million loan for Aseptia to purchase a building, equipment and make building improvements for their first commercial-scale manufacturing facility.

The owners formed the company so it could compete in the food manufacturing business as a provider of aseptic packaging. As result of the high demand for their product, the company created two additional equipment lines as part of the start-up of the facility. Aseptia/Wright Foods has doubled initial hiring projections, employing nearly 80 workers.

“As a result of the investments made by USDA and our financing partners, good paying jobs are being created and saved and our rural economy is being strengthened,” said Salerno. “USDA is working with communities across North Carolina to create new opportunities.”

The company’s main products consist of fruit or snack type products that are packaged with a shelf life of up to one year. With their technology, they are able to sterilize the food product without preservatives and in a manner than maintains more flavor and nutrients. The company is also working as a co-packer for large well-established brands in the food industry. Thus far, the operation has been extremely successful and they have aggressive plans for growth of the company.