Harper government supports expansion at FGF Brands
The Federal Development Agency sends $1.3 million to FGF Brands to help it purchase new production lines.
FGF Brands Inc.
Investing in Business Growth and Productivity initiative
TORONTO—FGF Brands Inc. will soon be introducing state-of-the-art production lines to its Toronto facilities, thanks to an investment announced on July 28, 2015 by the Honourable Gary Goodyear, Minister for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), and the Honourable Peter Kent, Member of Parliament for Thornhill.
The Harper Government is providing a $1.369-million investment which will allow the baked goods company to increase the production volume and efficiency of its line of healthy, fully baked muffins.
FGF Brands has built a strong consumer base in its 10 years operating in the food processing business. The company works out of six locations across the Greater Toronto Area. This investment will allow them to set up automated processing equipment to produce muffins for the retail sector and sweet loaves for the food service industry.
The addition of new equipment will help reduce production time and costs and will advance production capabilities to better meet the needs of a niche market. This funding will also allow the company to expand its line of products for the food service industry. These efforts will ultimately help serve to strengthen the company’s competitiveness in global markets.
The repayable contribution is through FedDev Ontario’s Investing in Business Growth and Productivity initiative, which is aimed at helping established businesses to expand their operations, invest in productivity improvements and compete globally.
FGF Brands was established in 2004 by the Ajmera family, which has more than 30 years of experience in baked goods industry. Sam, Ojus and Tejus Ajmera have played a vital role in bringing Naan products to North American consumers.
In less than a decade, FGF Brands has been established as one of the largest North American producers of naan, flatbreads, loaves, pizza crusts and fully baked muffins.
This project is expected to create up to 105 full-time jobs by 2017 and allow FGF Brands to become one of North America’s top 100 commercial bakeries and help the company extend its global reach in the retail and food services markets. It will leverage close to $9.1 million through private sector investments.
“Our Government is fulfilling its promise to support manufacturers across southern Ontario. We are investing in quality producers and manufacturers in the food and beverage industry. This investment in FGF Brands will help the company build its capacity to produce quality, Canadian made-products and it will lead to the addition of important, technical and production jobs for this region” states the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario.
Since 2009, the Harper Government, through FedDev Ontario, has committed almost $350M to an expected 2,100 direct and indirect manufacturing projects. These investments are expected to generate an additional $215 million in leveraged funding for these projects.
For company information, visit www.fgfbrands.com.
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