Peco Foods is acquiring a cold storage facility in West Point, Mississippi.

According to a press release from Mississippi Gov. Phil Bryant’s office, the company is investing $40 million in the project and will create 300 new jobs over the next four years.

Peco Foods is acquiring the 185,000 square-foot warehouse formerly occupied by AmeriCold and strategically located on 37 acres near interstate and major rail corridors. The West Point location will provide freezer, cooler and storage space, enabling the company to serve its large and diverse customer base.

“We are extremely pleased to join the dynamic and growing industrial environment in the Golden Triangle” said Peco Foods CEO Mark Hickman. “The addition of this new cold storage facility is a key component of our growth strategy and is perfectly tailored to meet our current needs as well as future plans.”

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“The addition of the West Point facility to Peco Foods’ portfolio and the creation of so many new jobs for the people of the Golden Triangle demonstrate how existing companies in our state benefit from our productive workforce and prime location in the fastest growing region of the U.S.,” Bryant said.

The Mississippi Development Authority is providing assistance for wastewater and infrastructure improvements. Mississippi Works funds are also being made available for workforce training. The city of West Point is providing a water and sewer rate reduction to the company.

“MDA appreciates the Peco Foods team for bringing new life – and hundreds of new careers – to an existing facility in West Point,” said MDA Executive Director Glenn McCullough, Jr. “This win is the result of our teamwork with the Golden Triangle Development LINK, the city of West Point and Clay County in support of Peco Foods’ continued growth in Mississippi.”

Peco Foods, according to the WATTAgNet Top Poultry Companies Database, is the eighth largest broiler company in the United States, having processed 34.9 million pounds of ready-to-cook poultry on a weekly basis in 2017.