Albert Bartlett, the UK-based potato supplier, plans to add to its product range after receiving a Scottish government grant.
The GBP4m (US$5.6m) grant, part of the devolved Scottish government’s Food Processing, Marketing and Co-operation scheme, is being used to support the company’s GBP17m investment in processing at its plant in Airdrie, 12 miles east of Glasgow.
Mark Murray, the managing director of Albert Bartlett’s “added-value” business, said: “We are grateful for this grant from the Scottish Government, which is essential in allowing the company to diversify into the growing convenience and chilled potato market. Our development into this exciting new area will create 35 new jobs and safeguard 50 more here in Airdrie, in addition to providing security for our partners working in the entire supply chain, not least our dedicated group of potato growers.”
Last month, Albert Bartlett filed annual accounts with the UK’s Companies House. The business’ turnover and net profit rose, although it reported a fall in operating profit.
In the year to 31 May 2017, Albert Bartlett’s turnover grew 17.6% to GBP145.7m, with the company pointing to the launch of its frozen business and its expansion internationally.
The group’s operating profit fell from GBP2.1m to GBP1.8m, amid a jump in the cost of sales and rising distribution costs.
Its profit after tax stood at GBP1.8m versus GBP1.1m a year earlier.