MONTGOMERY, Ala. (WSFA) – Manna Capital Partners plans to invest nearly $600 million to build an advanced beverage manufacturing and distribution complex in Montgomery, Gov. Kay Ivey said Tuesday.
Manna Capital Partners is a venture capital and minority investment firm. The company said its Montgomery “beverage park” will create 280 permanent jobs and will be owned and operated by its subsidiary. Manna beverages and enterprises.
“Manna’s significant investment in Montgomery and its commitment to supporting underrepresented businesses make the company an exciting addition to Alabama’s business community,” Ivey said. “I know Manna’s leadership will find all the necessary ingredients for success in our state and look forward to seeing how their development plans pan out.”
The company chose the capital because of the state’s “dedication to sustainable supply chain development and the location’s quick and direct access to Southeast markets.”
The facility will be located at the Hope Hull exit off Interstate 65 and span more than 180 acres in a new industrial park developed by the city’s economic development group.
“We are excited and proud to build our facility in Montgomery with our subsidiary, Manna Beverages & Ventures,” said Ulysses L. “Junior” Bridgman, managing partner of Manna Capital Partners. “Our goal is to be the leading beverage supply chain company in North America while providing the highest quality and sustainable capabilities needed to produce beverages for world-class brand owners. MB&V fills a gap for major brands that want to be asset-light.” , be agile and make a difference in their communities by hiring minority and women-owned businesses.”
The beverage park includes a 1.7 million square foot manufacturing facility capable of producing alcoholic and non-alcoholic products and distribution operations. The first bottles are expected to be released in 2025.
The Montgomery facility has a research and development center with a bottling line that provides space for entrepreneurs with a focus on women-owned and minority-owned businesses to test new products.
The company said it created MB&V to be a full supply chain partner for national and regional brand portfolios, with a strong focus on startups. It offers beverage companies a comprehensive beverage packaging platform along with warehousing facilities.
City leaders said Manna Capital Partners’ investment will bring significant economic impact to the region.
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