Ultima Foods has committed an additional $22m ($22.5m, €17.5m) in an effort to increase yogurt production capacity at its Granby plant – the second investment of its kind at the Canadian plant in the last six months.
The firm, which is a leading manufacturer and marketer of yogurt in Canada, has announced plans to spend $22m on new equipment at the plant over the next two years to meet increasing demand for its recently launched iögo yogurt brand.
The investment comes just months after the promised announced that it would spend $10m ($10.25m, €7.9m) to expand the Granby facility by 15m kg to around 130m kg.
The Canada-based yogurt manufacturer vowed to expand the plant following the closure of a six-year processing deal with Yoplait-brand yogurt owners, Yoplait SAS and General Mills.
“We are very pleased to be investing yet again so quickly in our Granby plant,” said Ultima Foods president and CEO Gerry Doutre.
“The success of iögo is due to the excellent consumer response, our clients’ support, the commitment of all our employees, and our determination to build upon our leadership in the Canadian yogurt industry,” said Ultima Foods president and CEO Gerry Doutre.
More to follow......