New Horizons Baking to expand in Indiana
March 28, 2008
by Eric Schroeder
FREMONT, IND. — New Horizons Baking Co., a specialty supplier of bread products to the food service and consumer markets, will invest more than $1.5 million to expand its production operations in Fremont. The expansion will include the addition of 20,000 square feet of production space for the company, which supplies buns and muffins to such companies as McDonald’s Corp. and Sara Lee Corp.
New Horizons, which currently employs more than 80 associates at its Fremont facility, plans to hire an additional 20 employs ahead of the expanded facility opening later this fall.
"Our growth is due to the ability to offer a good consistent product to the customer at a great price," said Mark Duke, New Horizons vice-president of operations in Fremont. "Fremont has developed a motto: ‘If it doesn’t make sense for you to produce it, let us make it for you,’ and that approach has increased our capacity every year for the last 10 years. After weighing what Indiana had to offer to businesses for growth, it made sense for us to grow here in Fremont."
New Horizons was founded more than 30 years ago by the West brothers of Indianapolis, and has grown from a single production facility to a two-state operation that produces more than two million buns and muffins each day. The company’s Fremont facility generates annual sales of approximately $30 million, while its Norwalk, Ohio, plant has sales of about $25 million, according to the 2008 Baking/Snack Directory & Buyers Guide published by Sosland Publishing Co.
The Indiana Economic Development Corporation offered New Horizons Baking up to $80,000 in performance-based tax credits based on the company’s job creation plans. Fremont will provide property tax abatement at the request of the Steuben County Economic Development Corp.