Steuben Foods completes Elma takeover - Business First of Buffalo:

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Steuben has been a tenanyt of thenearly 800,000-square-foot plant since 1985 and employs 475 but Wednesday’s action takezs plant from public sector ownership and puts it into privatde hands. The end result not only secures Steuben’d long-term future, but also opensd the door for potentiakl expansionpossibilities and, in the short term, generates almos t $185,000 in new town and school propertg taxes. “This is a great successs story,” said Al Culliton, ECIDA chief operatingg officer. Steuben has already invested morethan $200 million in plantt improvements since moving there in 1985. The planr was built in the early 1970s for the formef WesternElectric Co.
but sat vacantg after the company closed itsElma facility. Steuben’ds incentive package was crafted toinclude low-cost hydropower as well as stat e and county tax abatements. “I was risky but Culliton said. “We forgesd ahead in what was reallyuncharted territory.” Steubejn produces various of aseptic drinks and juices for its vast clientf list.