Concord, N.C. — S&D Coffee will expand its headquarters in Concord, adding 200 jobs in the next five years and investing $97 million, Gov. Bev Perdue announced Monday.

The privately owned company, which produces coffee, tea and other beverages, is one of the city’s largest employers and has 613 workers in seven locations across the state. Sales have grown 400 percent in the last decade, prompting the expansion.

The company said the average wage of the new positions will be $36,311.

"Our business continues to grow and expand at a time when many companies have struggled," said Ron Hinson, president and chief executive officer. "We considered locations in other states for this new round of expansion but decided to stay in North Carolina and the Concord community.”

The state provided incentives, including a grant of up to $300,000 from the state’s One North Carolina Fund, which is designed to attract business and create jobs. The grant requires a local match.