Europastry invests 10 million euros in expanding its plant in Paterna (Valencia)

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Date: 24-Jul-2018

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Source: europapress.es

Europastry has invested a total of 10 million euros in its plant in Paterna (Valencia), where it has expanded its two warehouses and has incorporated a third production line of the Saint Honoré range of traditional breads, a new facility that involves the creation of 30 jobs.

Logo Europastry

 

The Paterna plant is specialized in the production of Saint Honoré breads, the company's new traditional bread range, Europastry reported this Tuesday in a statement.

 

The company closed the year 2017 with a consolidated turnover of 600 million euros, 7% more than in the previous year, while Ebitda reached 95 million euros, 6% more.

 

Last year, Europastry acquired 60% of the Galician group Ingapan in July, present in 19 countries and with a workforce of 450 employees; and took control in September of the Chilean company Cradon, a strategic bet to continue growing in the Latin American market.

 

With more than 4,000 employees worldwide, Europastry has 20 production centers and operates in more than 50 markets, and is a leader in the sector of frozen doughs in Spain and fifth largest operator in the world.

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