Major deals from a pharma company, a global cosmetics manufacturer, a food manufacturer and a home improvement retailer top the week’s expansion, relocation and job creation news:
In New York, Regeneron Pharmaceuticals will invest nearly $70 million to expand its Rensselaer County production facility and create 300 jobs. Regeneron is the largest biopharmaceutical company in New York State, and the addition of 300 new biotech jobs at its East Greenbush location is the largest growth for the industry in New York State this year.
In Kentucky, global cosmetics and hair care manufacturer L’Oréal USA plans to add 211 jobs and invest more than $42 million in an expansion of its operations in Florence. L’Oréal USA is the largest wholly-owned subsidiary of L’Oréal SA, based in Paris, France. In business for more than a century, L’Oréal has built a portfolio of 27 international beauty brands. The company employs more than 68,000 people worldwide.
In Michigan, the Armored Group, a supplier of SUV ballistic vehicles, SWAT vehicles and Cash in Transit vehicles to government agencies around the world, plans to expand its operations in Dearborn Heights to increase vehicle production capabilities. The investment of $1.5 million will create 240 new jobs.
Also in Michigan, Livonia-based Henrob Corp., a manufacturer of self-piercing rivets for the automotive industry, plans to expand and relocate its operations to Lyon Township, investing $68.5 million and adding 152 new jobs.
In Tennessee, Oberto Brands, a national leader in the meat snacks category and maker of the popular Oh Boy, Oberto! jerky line, will open a new production facility in Nashville in the first half of 2013. The new facility, expected to employ several hundred workers, will join Oberto’s existing production facility at its headquarters in Kent, Wash., and is being added to help keep up with growing demand for Oberto’s products.
In New Mexico, home improvement chain Lowe’s is expanding its Customer Support Center in Albuquerque, adding 300 jobs. The expansion represents a total economic investment of $25 million. With the new jobs, approximately 900 workers will be based at the center by the end of 2013.