Pactiv, an Illinois-based food packaging company, is bringing 51 jobs to Mooresville as it expands its North Carolina operations.
The expansion is slated to bring 77 jobs across the state as Pactiv invests $9 million into expanding its manufacturing facilities in Mooresville and Kinston, said Governor Pat McCrory and N.C. Commerce Secretary Sharon Decker in a Tuesday announcement.
The total includes 26 new jobs in Pactivs Kinston facility, said Josh Ellis, a spokesman for the N.C. Department of Commerce.
Salaries for the Pactiv jobs will vary by function, but the average annual payroll for the new positions will be more than $2.5 million.
Pactiv is eligible for a performance-based grant of $103,000 from the One North Carolina Fund, a special revenue fund in the Department of Commerce that provides financial assistance to attract businesses that will create new jobs in the state. Pactiv will receive no money up front and must meet job creation and investment performance standards in three years to qualify for the funds. The grant is also contingent upon a funding match from the local government, Ellis said.
Pactiv, which operates 54 manufacturing plants in seven countries, already employs 850 people in six North Carolina locations. The company was acquired for about $6 billion in 2010 by Reynolds Group Holdings Limited, a manufacturer and supplier of food and beverage packaging products.
McCabe: 704-358-5197; Twitter: mccabe_caitlin
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