FedDev Ontario is investing up to $3 million to help the Cambridge, Ont. food company increase production and explore new export opportunities
The Federal Economic Development Agency for Southern Ontario (FedDev Ontario) is investing up to $3 million in Cambridge, Ont.-based Grand River Foods Ltd. to help the company increase production and explore new export opportunities.
With the help of this investment, Grand River Foods Ltd. will expand its Cambridge-based processing operation by 16,150 sq. ft., and will install a new production line and spiral freezer. This will enable the company to scale up, meeting the needs of existing and new customers in Canada, as well as entering new markets in the U.S.
FedDev Ontario is providing this investment toward a total project cost of $14.3 million.
“This current investment…will further enhance Grand River Foods’ capacity and provide us the scale necessary to compete with the largest food processors in North America. 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,” says Dean Cebulski, president of Grand River Foods Ltd.
This project is also expected to have spillover benefits that will affect local meat, packaging and ingredient suppliers.
“Our investment in Grand River Foods Ltd. is an example of how we are forging strong partnerships with businesses to support increased productivity in southern Ontario’s key sectors,” says Bardish Chagger, Canada’s Minister of Small Business and Tourism. “We are proud of the company’s significant success at home and will support its growth into export markets.”