Krinos Foods Plans New HQ in the Bronx

Krinos Foods Inc., a Greek and Mediterranean specialty food importer, distributor and manufacturer, plans to develop a new approximately 100,000-square-foot national headquarters in the Bathgate Industrial Business Zone in the Bronx. 

Krinos was selected by the New York City Economic Development Corp. (NYCEDC) based on its response to an RFP issued in April 2012, and will purchase the site from the city for $3.5 million. Krinos will invest an additional $17.3 million to construct its new headquarters – creating approximately 32 construction jobs – and expects to open the facility in early 2014. Once open, Krinos plans to add five new jobs in addition to its existing 85 employees.

“The commitment by Krinos to establish a new national headquarters and expand production in the Bronx is another vote of confidence in the future of the city’s food manufacturing sub-sector and the larger industrial sector,” said Seth Pinsky, NYCEDC’s president. 

“In 1981, we invested in a then state-of-the-art facility in Long Island City that allowed the company to prosper for nearly 30 years. Now, through internal expansion and acquisitions, we’ve outgrown that facility. We are thrilled to make this investment in New York City that will allow us to retain our trained and skilled employees, to continue to grow, and to efficiently serve our local, regional and national customers,” said Eric Moscahlaidis, Krinos Foods’ president.

Krinos was founded in Tribeca in 1958 under the name Arista Olive Co. The company now carries more than 2,500 products and services more than 5,000 customers across North America through facilities in New York, Chicago and California. The Bathgate site will allow Krinos to construct a new, modern national headquarters while remaining in New York. 

Once constructed, the new facility will have a more efficient layout, state-of-the-art equipment and 36-foot-high ceilings, nearly double the height of its existing Long Island City facility, thereby allowing Krinos to increase capacity and operational efficiency. Krinos also plans to seek the New York City Industrial Development Agency’s (NYCIDA) assistance as part of its relocation.