Packaging firm, Genpak LLC plans $12.8M investment, 14 new jobs on west side of Columbus
12 May 2015
A Columbus food packaging manufacturer is expanding. Columbus City Council will consider incentives for Genpak LLC and affiliate company Jim Pattison Developments Inc. at Monday night’s meeting.
There will be a first reading of a 10-year, 75-percent tax abatement projected to save GenPak $1.27 million over its term or about $127,200 a year, according to the legislation. Genpak, in turn, is proposing a $12.8 million investment and 14 new full-time jobs.
Genpak plans to add a $6 million, 200,000-square-foot warehouse to its complex at 845 Kaderly Drive on the city’s west side. It also plans to purchase $3 million in new machinery and equipment and $3 million in inventory with the remainder for improvements to the existing building and new furniture and fixtures.
The expansion work is scheduled to start in January and run through December 2016.
The 14 jobs represent $412,880 in projected payroll. It would retain 89 jobs and $3.58 million of payroll.
The company could not immediately be reached for comment. It makes an assortment of products, including deli containers, plastic cups, bakery and food trays and serving bowls as well as packaging materials for customers in the retail, food processing, food service industries.
Genpak is based in Glens Falls, New York, and has 18 facilities in the U.S. and Canada. It is owned by Jim Pattison Group, which is based in Vancouver, British Columbia.
This could be the business’ second incentive award to expand, if approved. In 2006, it received a six-year, 30-percent tax break valued at $29,000 from the state and an eight-year, 65-percent tax credit worth $56,000. That $6.7 million expansion added 25 jobs to its then employment of 52.