Harper Government Supports Expansion Activities of FGF BRANDS INC. in Toronto

TORONTO, ONTARIO--(Marketwired - July 30, 2015) - Federal Economic Development Agency for Southern Ontario
(FedDev Ontario)

FGF BRANDS INC. will be introducing state-of-the-art production lines to its Toronto facilities, thanks to an investment announced today by the Honourable Gary Goodyear, Minister for the Federal Economic Development Agency for Southern Ontario, and the Honourable Peter Kent, Member of Parliament for Thornhill. The Harper Government is providing a $1.369-million investment which will allow the baked goods company to increase the production volume and efficiency of its line of healthy, fully baked muffins.

FGF BRANDS INC. has built a strong consumer base in its 10 years operating in the food processing business. The company works out of six locations across the Greater Toronto Area. This investment will allow them to set up automated processing equipment to produce muffins for the retail sector and sweet loaves for the food service industry.

The addition of new equipment will help reduce production time and costs and will advance production capabilities to better meet the needs of a niche market. This funding will also allow the company to expand its line of products for the food service industry. These efforts will ultimately help serve to strengthen the company's competitiveness in global markets.

The repayable contribution is through FedDev Ontario's Investing in Business Growth and Productivity initiative, which is aimed at helping established businesses to expand their operations, invest in productivity improvements and compete globally.

Quick Facts

• FGF BRANDS INC. was established in 2004 by the Ajmera family, which has more than 30 years of experience in baked goods industry. Sam, Ojus and Tejus Ajmera have played a vital role in bringing Naan products to North American consumers.
• In less than a decade, FGF BRANDS INC. has been established as one of the largest North American producers of naan, flatbreads, loaves, pizza crusts and fully baked muffins.
• This project is expected to create up to 105 full-time jobs by 2017. It will leverage close to $9.1 million through private sector investments.
• This funding will allow FGF BRANDS INC. to become one of North America's top 100 commercial bakeries and will help the company extend its global reach in the retail and food services markets.
• Since 2009, the Harper Government, through FedDev Ontario, has committed almost $350M to an expected 2,100 direct and indirect manufacturing projects. These investments are expected to generate an additional $215 million in leveraged funding for these projects.

Quotes

"Our Government is fulfilling its promise to support manufacturers across southern Ontario. We are investing in quality producers and manufacturers in the food and beverage industry. This investment in FGF BRANDS INC. will help the company build its capacity to produce quality, Canadian made-products and it will lead to the addition of important, technical and production jobs for this region.

- The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario)

"Today's announcement is great news for the food and beverage industry in southern Ontario. This investment will allow FGF BRANDS INC. to meet the demands of a growing niche market, and will help position this company as one of our nation's biggest commercial bakeries. "

• Peter Kent, Member of Parliament for Thornhill (TBC)

"FGF BRANDS is exceptionally proud of the progress of the company over the last 10 years in terms of the quality of the product, our facilities and most importantly having a team that truly makes a difference. We are appreciative of the investment of our Government in helping us to pursue our vision of being the World's Best Bakery and it is a vote of confidence in our ability to achieve it while making a significant impact on the economic well-being of our community at large."

• Sam Ajmera, FGF BRANDS INC.

Related Products

Speech: Investing in Business Growth and Productivity Initiative Funding Announcement for FGF BRANDS INC.

Associated Links

Investing in Business Growth and Productivity initiative

FGF BRANDS INC.

Subscribe to our news updates and follow us on Twitter @FedDevOntario