Part of company’s “Food First” initiative.

Will invest $160 million in Utah plant.

Will be located in Richmond, Utah, next to Campbell Snacks plant.

Spinoff of cereal business scheduled for the fourth quarter of 2023. 

The company’s Q2 results show steady growth despite corn volatility. 

Nona Lim offers products inspired by Asian street food.
 

Site will include three manufacturing plants.
 

Total investment to exceed $400 million, company says.

Former Mondelez, Nielsen execs launch fund.

Company planning locations in over eight countries.