Moncton bakery gets nearly $1.4M to upgrade, expand in U.S.
Federal and provincial funding for Fancy Pokket Corp. will means dozens of jobs, says CEO
A Moncton-based bakery is getting nearly $1.4 million from the federal and provincial governments to upgrade its production facilities and expand into the southeastern U.S. market.
The funding for Fancy Pokket Corporation will mean dozens of jobs for Moncton, said company president and CEO Mike Timani.
"We've been 24 years in business now and by the time we open … the plant in the States, we will be able to double our business in Moncton in the next four years after we open the plant in the U.S." he told CBC News.
"What it means for Moncton, it will create another 30 jobs once we double the business from the U.S."
Once the bakery opens in the U.S., likely in February, it will be the largest dedicated gluten-free facility in the world, said Timani.
Will add packaging line, conveyors
Fancy Pokket currently manufactures baked products, including pita bread, bagels, pizza crusts, flat bread and tortilla wraps, and retails in Canada, parts of the U.S. and the Caribbean Islands.
The company has expanded its freezer space, and plans to add a packaging line, and other equipment such as conveyors, an oiler and a tunnel oven, with the federal and provincial funding.
"These changes will assist us in being more competitive as we prepare to enter the U.S. market," Timani said in a statement.
"It will also allow us to manufacture other popular products and increase our sales," he said.
The federal government is providing a repayable contribution of $1 million through the Atlantic Canada Opportunity Agency's business development program.
The New Brunswick government is investing $360,000.
Fancy Pokket has been in business since 1989.
It is considered one of Atlantic Canada's leading bakeries.