SALUDA, S.C. — Palmetto Gourmet Foods, based in Saluda, South Carolina, has announced a $100 million expansion plan that will include new facilities, new product lines, construction of a solar farm for producing renewable energy, and new jobs over the next five years.
“We are pleased to announce the next phase in growing our successful food technology company, which will expand our ability to meet a critical need for many people in the U.S. and around the world: access to nutritious, high-protein meals at an affordable price,” said Palmetto Gourmet Foods co-founder and CEO Reza Soltanzadeh. “And we are pleased to fulfill this mission while at the same time creating facilities that are highly sustainable.”
The company currently produces high-protein, nutritious, low-cost ramen meals under the Chef Woo and Ramen Express brands that can be found throughout the US in Walmart, Costco, Save A Lot, and Aldi grocery stores. Palmetto Gourmet Foods (PGF) plans on expanding those product lines at the company's existing facility to scale production from a current capacity of 600 million meals per year to more than one billion meals annually while launching new gluten-free meals and healthy high-protein snacks.
PGF is also installing an on-site solar farm that is expected to be operational in 2025. The plant is expected to operate on the renewable, sustainable energy source.
This $100 million expansion notice comes after a $50 million investment from Borealis Foods in December 2022. PGF is a wholly owned subsidiary of the food technology company Borealis Foods that specializes in globally marketed plant-based food products.
Since it's start-up in 2019, PGF has grown exponentially and expects to hire 700 new jobs by 2028.
