Yourbarfactory, a Quebec-based manufacturer and co-packer of allergen-free snack bars has received $850,000 in funding assistance from Canada Economic Development (CED) for Quebec Regions. With these funds, Yourbarfactory plans to improve their production productivity.
Yourbarfactory will be using the funding to purchase specialized equipment as part of its facility modernization efforts to increase its production capacity and respond to their clients needs. The equipment will provide them the opportunity to enter the healthy snacks for children market. With the updates to their equipment, it will allow Yourbarfactory to raise their profile on international markets.
“Modernizing our production is essential to achieving our growth targets,” said Martin Joyal, founder and CEO of Yourbarfactory. “CED’s support is a meaningful contributor to increasing our productivity, and we are grateful for its involvement and its confidence in our potential as an innovative company.”
Yourbarfactory produces customized health bars for private labels, manufacturing 100 million bars per year. With this funding, Yourbarfactory plans to enhance its offerings and triple its production capacity by 2020.