• Home  / 
  • Local
  •  /  Finnish Manufacturing Company Huhtamaki To Create 300 Jobs At New Plant Near Buckeye

Finnish Manufacturing Company Huhtamaki To Create 300 Jobs At New Plant Near Buckeye

A Finland-based company that manufactures consumer goods used in the food service industry will invest more than $100 million to in the West Valley that could  employ 300 people.

Huhtamaki in Espoo, Finland (Jukka Moisio, CEO) is buying a 752,000-square-foot industrial project in Goodyear that once served as a manufacturing and distribution operation for Rubbermaid Inc. Located just north of Route 85 at 4320 E. Cotton Lane, the industrial facility is part of a 150-acre property now owned by Cohen Asset Management Inc. in Los Angeles, Calif. (Brad Cohen, principal).

Sources say Huhtamaki North America will pay $43 million ($57 per foot) to buy the existing plant, which will include about 90 acres of the former Rubbermaid property. The cash transaction is expected to close in 60 days after the land is re-platted.

Huhtamaki is estimating it will spend $100 million to buy the property, modify the building and install infrastructure and equipment.

The company will start using the facility as a distribution center in early 2017.

The property, which is rail-served by the Union Pacific Railroad, will serve West Coast food service packaging and retail tableware markets.huhtamaki

When fully operational, the project will produce paper drink cups, insulated hot cups, food containers, pressed paperboard plates and plastic cups and lids. Huhtamaki’s product portfolio includes Chinet, the leading brand of premium trays and service-ware for the foodservice industry and retail markets.

In July 2013, BREW reported Broadway Goodyear LLC  paid $34.5 million to buy the Rubbermaid plant.

The purchase included the 750,000 square-foot manufacturing and distribution facility and about 100 acres of undeveloped land. At that time, representatives of Cohen Asset Management said the excess acreage would be marketed for build-to-suit opportunities and parcels would be available for sale to users and developers.

The CBRE agents are marketing the undeveloped land, which is likely to throw off 1.7 million square ft. of industrial buildings.