In a move that further solidifies its Fort Erie plant, Rich Products Corp. has decided to invest $13 million in the facility.
Rich Products said it will be installing a pair of state-of-the-art advanced spiral freezers and a new, robotic packaging system for the plant, which makes a variety of frozen dough products including breads, rolls, sweet goods and pizza.
Rich Products opened the Hagey Avenue plant in 1963, and it currently has 300 workers, making it one of the largest employers in Fort Erie. The investment will see Rich Products add five jobs at the plant and secure another 43 positions.
As part of the deal, the Province of Ontario provided a $3.9 million loan to Rich Products, which should be paid back by March 2014.
"This announcement is exciting news," said Kim Craitor, Niagara regional provincial Parliament member.
In the past decade, Rich Products has invested more than $50 million in the Fort Erie plant.
"This further strengthens our Fort Erie plant's manufacturing capabilities in support of our growing frozen-dough business across North America," said Dwight Gram, Rich Products vice president of global corporate communications.