TAKING PART in the Ribbon Cutting was (left to right) Gloucester County Freeholder Larry Wallace, Assemblyman John Burzichelli (D), Madison Etkins, Karen Gold, Robyn Kratchman, Lt. Governor Kim Guadagno, Brett Kratchman, Mia Kratchman, Gloucester County Freeholder Deputy Director Joe Chila, and Rayna Kratchman.
LOGAN TWP. — BK Specialty Foods held their official grand opening at their new headquarters in Logan Township on Oct. 7.
BK Specialty Foods, Inc. was formed in 1986 as a wholesale food distributor in Philadelphia. The privately held company distributes approximately 6,000 high-end products with a focus on frozen baked goods, hors d’oeuvres, non-alcoholic beverages, cheeses, oils, and specialty ingredients.
BK has been successful servicing an impressive list of customers including Marriott’s Food Service, Sodexo, Caesars’ four hotels in Atlantic City, Borgata, Shop Rite, the Ritz-Carlton and Penn State University.
The Board of the New Jersey Economic Development Authority (EDA) approved the company for a Business Employment Incentive Grant in the amount of $333,022 and was a material factor in the decision to relocate to New Jersey over remaining in Pennsylvania. The company also utilized the EDA’s Statewide Loan Pool Program to acquire the facility, as well as new equipment and machinery. Sovereign Bank provided a $2.43 million commercial mortgage loan that included a $1.08 million EDA participation.