Continued growth is fueling a two-pronged expansion proposal by Yancey’s Fancy Inc.
But, now the expansion is targeting a Genesee County location and with a much larger price tag as the company is bringing in more production equipment to meet its growing demand.
Scrapped are plans announced earlier this year by the cheese maker to expand its in Genesee County plant in Corfu from 30,000-square-feet to 102,200-square-feet. That project had an $8.7 million development price tag.
Instead, Yancey’s Fancy has cut a deal to build a 112,000-square-foot, $18.2 million plant in the Buffalo East Technology Park located across the county line in Pembroke.
Yancey’s Fancy has 12 acres in the park under contract.
Yancey’s Fancy is not abandoning its longtime home base on Main Road in Corfu. As part of the same project, the company will be investing $2.5 million where it will also be adding new equipment including a reverse osmosis system needed for cheese production. The system allows for faster and more efficient drying of whey.
According to documents filed with the Genesee County Economic Development Center, Yancey’s Fancy will see its current employment of 108 workers increase by more than 50 people in the next few years. The center will hold a public hearing, at a still-to-be-determined date, to consider incentives for the dual projects.
The Empire State Development Corp. is also offering the company incentives.
Yancey’s Fancy’s produces more than 9 million pounds of cheese products annually and has estimated annual revenues of $33 million. The expansion could see the company increase its yearly production to 15 million pounds and open the door for revenues to approach $50 million.
Yancey’s Fancy products included XXX Cheddar Cheese, Buffalo Wing Cheese and Steakhouse Onion. The company makes more than 45 different flavors and types of cheeses.
Source: Biz Journals
