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Alamance Foods to spend $42,000,000.00 to expand into new space in Graham North Carolina.

Alamance Foods to spend $42,000,000.00 to expand into new space in Graham North Carolina.

February 7, 2023 Craig Etkin

Graham, North Carolina — According to state and local economic development sources Alamance Foods plans to invest $42,000,000.00 to build out new space in Graham. The company plans to occupy the new space at 770 West Interstate Service Rd. in Graham, on or about October 1, 2023. According to the company website Over 100 years ago, Alamance Foods, Inc., had humble beginnings when R.W. Scott began selling the extra cream and butter that he churned primarily for his family. In 1927, Ralph H. Scott expanded his fathers business and established the Melville Dairy. The Melville Dairy quickly became a major provider of milk, butter, and cream to the people of Alamance County, North Carolina. In 1959 Melville Dairy was selected as a franchise producer of a revolutionary new product, Aerosol Whipped Cream! Alamance Foods (AFI), was established as a separate company for this exciting new product, making us one of the first producers of aerosol whipped cream in the United States. In the late 1960s and early 1970s, AFI expanded further by entering into the manufacture of flavored drinks, freezer pops, and bottled water. Our Triton brand water was the first multi-pack water in the nation. AFI has pioneered many additional inventions over the years. Alamance Foods manufactures branded and private-label water, flavored drinks, and freeze pops under brand names such as Freeze Pops, Fun Pops, and Happy Drinks. The company’s branded water is sold under the Triton Water label and its aerosol whipped cream under the Classic Cream brand.

To learn more about Alamance Foods, visit http://www.alamancefoods.com/

Company Contact:
William Scott, President and Chief Executive Officer
https://www.linkedin.com/in/william-scott-jr-32526331/
336-226-6392

SOURCE: http://www.intelligence360.io
Copyright (c) 2023 SI360 Inc. All rights reserved.


Commercial Relocation
3120, Alamance Foods, Commercial Relocation, Graham, Greensboro--Winston Salem--High Point, North Carolina

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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

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TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
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