Cedar Grove, NJ (PRWEB) August 14, 2013
David’s Cookies announces the grand opening for its new 160,000 sq. ft. state of the art facility in Cedar Grove. Today its 350+ employees, along with New Jersey Lt. Governor Kim Guadagno, Senator Kevin O’Toole and Mayor Robert O’Toole celebrated the grand opening and ribbon cutting ceremony of the company’s new corporate headquarters and production facility located a short drive from New York City. Top named food service vendors, distributors and valued business partners were invited to tour the new facility to explore the company’s impressive present and future capabilities.
David’s Cookies was originally formed in 1979. Today, the company is engaged in the manufacturing and distribution of high quality cookies and frozen cookie dough for the food service and co-branding baking industries and fresh baked cookies sold online. In the near future, the company plans to consolidate facilities from Fairfield, NJ and Longwood, FL. They have relocated operations into their Cedar Grove location with an investment of $15 million in the new facility.
“After 25 years of uninterrupted growth, David’s Cookies is proud to announce its new 160,000 square ft. facility in Cedar Grove, New Jersey as its new home and corporate headquarters,” said Ari Margulies, President and CEO. “We are grateful for the support that we received from the State and we look forward to a new future of expansion and growth in New Jersey.”
Alan (Ari) Margulies was the chairman of Finagra USA, a commodity trading company which was active in the physical and future markets of coffee, cocoa and sugar. Finagra USA through its subsidiary, Finagra Management, Inc. also managed a $100 million commodity arbitrage fund. In addition thereafter Ari was advisor and founding member of Glazer Capital Management a $300,000,000 fund. Ari was also President in 1992 of Price Candy, a manufacturer of upscale chocolates in Kansas City MO.
Mr. Margulies in 1990 became the President and CEO of Fairfield Gourmet Foods, the parent company of David’s Cookies and other food brands. David’s Cookies has grown substantially under Mr. Margulies’ leadership and has over 350 employees and sales of $90 million+. David’s has had 22 years of uninterrupted internal growth in addition to making small external acquisitions in the desserts field. In 2012 David’s produced an estimated 1 billion cookies in 2012 and is on target to generate more in 2013.
David’s Cookies plans to continue its success and expand its products for bakery, pastry and dessert items in the foodservice, in-store bakery and specialty foods market segments. Most products produced by David's Cookies are kosher dairy and freshly baked with no preservatives.
The celebration will continue in the afternoon at the company’s 8th annual Chai Lifeline (chailifeline.com) Charity Golf Tournament which benefits kids with Cancer and other terminal diseases.