Quark CEO Mark Quark is about to take over the world, and he’s going to get paid to do it.
The Quark company announced Tuesday that it plans to spend $30 billion on expansion and acquisitions in the next six months, as part of its efforts to take control of more than 10 percent of the global dairy market.
It said it will add 10,000 jobs and hire more than 1,000 new workers over the next year.
The company said it would pay $3.25 an hour and will create at least 4,500 new jobs.
Quark plans to invest $200 million in the U.S. and Canada to expand and expand its operations, the company said.
The company said in a statement that the expansion is designed to deliver more value to consumers and farmers.
The expansion, which will cost Quark a combined $3 billion, will result in $3 million more in additional sales over the course of the next 12 months, the statement said.
Quark Chief Executive Officer Peter Bier has long been a staunch supporter of the dairy industry, but the company’s plan to take on the market share has drawn criticism from environmentalists, consumer advocates and consumer groups who say the company is profiting off of people’s health and welfare.
Quarks shares have fallen more than 50 percent this year.
Quarks stock is up 1 percent to $17.96 in early trading, with analysts expecting it to fall more than 20 percent.
Quarks shares closed at $19.96.