FedDev Ontario invests $3M in Grand River Foods plant expansion
May 2, 2016 by Manufacturing AUTOMATION
May 2, 2016 – The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) has announced an investment of up to $3 million in Grand River Foods to expand its Cambridge, Ont.-based processing operation by 16,150 square feet, and install a new production line and spiral freezer.
These efforts will enable the company to scale up, meet the needs of existing and new customers in Canada, and enter new markets in the United States, says the manufacturer.
“Our investment in Grand River Foods is an example of how we are forging strong partnerships with businesses to support increased productivity in southern Ontario’s key sectors. We are proud of the company’s significant success at home and will support its growth into export markets,” said Bardish Chagger, minister of Small Business and Tourism.
The repayable contribution of up to $3 million is being provided through FedDev Ontario’s Investing in Business Growth and Productivity initiative.
With a total project cost of $14.3 million, the project is expected to create up to 50 full-time equivalent jobs by 2017.
“This current investment of over $13 million will further enhance Grand River Foods’ capacity and provide us the scale necessary to compete with the largest food processors in North America,” said Dean Cebulski, president of Grand River Foods. “We are proud to have grown our employment base of full-time jobs significantly over the past 10 years, and are happy to be located in the supportive Cambridge community.”
Established in 1999, Grand River Foods manufactures more than 200 private label food products, such as frozen burger patties, meatballs and chicken products that are sold across Canada, including at Loblaws, Costco Canada, M&M Meat Shops, Subway and Tim Hortons.