Toronto – The federal government has invested $1.4 million in FGF Brands Inc., a Toronto-based baked goods company.
The investment will enable the company to introduce state-of-the-art production lines to its facilities, allowing it to increase production volume and efficiency of its line of healthy fully baked muffins. The new equipment will also allow FGF Brands to reduce production time and costs, and to expand its line of products for the foodservice sector.
FGF Brands has six facilities in the Greater Toronto Area, and is one of North America’s largest producers of naan, flatbreads, loaves, pizza crusts and fully baked muffins.
The company’s expansion project is expected to create up to 105 full-time jobs by 2017.
The repayable investment comes through FedDev Ontario’s Investing in Business Growth and Productivity initiative.