ST. ANTHONY — Glenwood Smoked Products is now owned by an Oregon family that’s spent generations running a similar facility.
New co-owner Cody Smith met with the St. Anthony City Council Thursday night, where he announced that he and his brothers, Sean and Adam, had recently purchased the facility. Glenwood Smoked Products is located in St. Anthony’s Industrial Park near the Fremont County Fairgrounds.
The Smiths plan to operate under the same company name and plan to continue making jerky at the facility.
In addition to the plant, the Smith brothers also purchased an adjoining lot with plans for future growth and expansion.
“We’d like to bring more jobs to the area,” Cody Smith said.
The family ran a similar facility in Oregon. Cody, Sean and Adam Smith are the third generation in their family to operate a such a plant.
“My grandfather started a jerky business in 1975. We’ve grown up in it and hope to take this business and grow it as much as possible,” Cody Smith said.
The family closed on the St. Anthony plant in December and currently have about 45 employees working for them. Eight of those employees came from Oregon to work here.
Currently Glenwood Smoked Products runs one shift, but Cody Smith says he wants to increase that in the near future.
“I’m working with the USDA and plan to expand to a three-shift operation. There’s a whole lot more room for added employees and growth in the company,” he said.
Judy Hobbs, of Rexburg’s Realty Quest, helped finalize the sale. She reported that the property had been on the market since 2007. That year the city offered 30 parcels for sale in the industrial park. Shortly afterward four lots sold, with the Glenwood Plant serving as the “anchor” business at the Industrial Park.
After the 2008 stock market crash, referred to as the “Great Recession,” the remaining parcels failed to sell. Little if any interest was shown in the property — until now, Hobbs said.
“I haven’t figured out what was so great about it, but it (the economy) is coming back to life,” she said.
At the same time that the Smith family expressed interest in buying the Glenwood plant and purchasing a neighborhood lot, a Shelley company did so as well.
“The economy has changed tremendously. We have another business that wants to relocate in the business park. We’re working with them very closely,” Hobbs said.
The Industrial Park’s plots vary in size from one acre to three and a half acres. The selling price ranges from $40,000 to $114,000. In exchange for a company developing on the property within a year, the city offers a rebate on the land price, Hobbs said.
“We are offering an incentive of a 25 percent return of the purchase price if the buyers have a business up and running within one year,” she said. “The idea is that we don’t want somebody to buy them and just sit on them. We want them to bring some economic life and activity to town.”
Hobbs didn’t know how the Smith family learned about the St. Anthony plant. She guessed they may have read about it being for sale in a trade magazine.
In the meantime, Hobbs says that she’s looking forward to having the Smith family and their business in St. Anthony. It’s all a good fit, she said.
“They know how to run a pretty big shop. They’re expanding some auxiliary businesses they would perhaps run out of this spot, too. I’ve been excited and privileged to work with them,” Hobbs said.
The St. Anthony City Council meets again at 7 p.m. Thursday, Jan. 25, at St. Anthony City Hall. The meeting is open to residents.