Goya Foods, the US-based supplier of Hispanic foods, has said it is reacting to increasing demand by investing in manufacturing.
The privately-owned business is to spend US$80m on its production and distribution facility in Brookshire in Texas. Goya is to double production capacity to meet growing demand, it said.
A Goya spokesperson said the project would lead to a “doubling [of] the processing capacity of canned beans, tomato sauce, and refried beans”.
A year ago, the chief executive of Goya Foods brushed off a US media report that claimed the company was is in talks to sell a majority stake to private-equity firm Carlyle.
“Goya has a longstanding policy of not responding to rumours. However, the company is not for sale,” Goya president and CEO Bob Unanue told just-food. “We are flattered, of course, that anyone would be interested in owning an iconic brand and business as ours. Our plans for our incredible Goya family is to continue this legacy into the future, even more successfully for generations to come.”