FRANCE: Panzani owner FTL to boost hams production
French food holding company Financière Turenne Lafayette (FTL) is planning to invest EUR21m (US$30m) in extending production capacity at a cooked hams plant in the Paris suburbs.
The plant, operated by subsidiary Paul Prédault in Goussainville, will be extended from 7,200 sqm to 14,280 sqm.
However, FTL did not disclose the timeframe for the project. In 2010, it will turn out a total of 27,000 tonnes of product.
FTL, with a brand portfolio that also includes William Saurin (cassoulets) Panzani (raviolis) and Garbit (couscous), has an estimated turnover of EUR600m.
Last month, it was reported that the group was poised to acquire Delpeyrat-owned dry sausage brand Montagne Noire.
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