Panelto Foods Invests €7m In Additional Bread Line 

(From near to right) Garry Walsh, CEO, Panelto Foods, Tom Kelly, Operations Director, Panelto Foods and Minister for Enterprise, Tourism and Employment, Peter Burke TD. Credit: Panelto Foods.

Panelto Foods is investing €7m ($8.2m) to instal an further breadstuff accumulation statement astatine its works successful Longford, Ireland.  

Owned by private-label group European Bakery since 2023, nan bake-off shaper said successful a connection nan caller statement will nutrient “next-generation speciality” breads tailored to shifting user “preferences and unit trends”.

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The company’s breads are made pinch basal ingredients specified arsenic flour, yeast and h2o pinch nan summation successful immoderate cases of seeds, grains and cheese, nan spokesperson confirmed, adding that nan mill will person 3 bakery lines erstwhile nan newest starts accumulation successful July.

CEO Garry Walsh said successful nan statement: “Our insights and R&D squad ne'er guidelines still, and we person invested heavy successful knowing user and unit trends, strengthening our R&D capabilities. Ultimately, you cannot execute invention without a awesome team.”  

With nan latest outlay, full spending connected accommodation and instrumentality since 2018 rises to €40m.  

Panelto Foods chiefly produces private-label breadstuff for “key” retailers successful nan UK and Ireland, arsenic good arsenic nan foodservice channel, nan spokesperson said, clarifying nan imaginable effect connected volumes: “This shape of finance will heighten capability, and not turn capacity. Following shape one, capacity enhancement whitethorn beryllium a shape 2 of investment.”

Panelto Foods employs 370 group astatine its Longford site, which includes a bakery, a investigation and improvement centre, and a training hub. No caller jobs will beryllium created from nan latest investment, nan spokesperson said.

Melia said: “Enterprise Ireland is proud to support Panelto Foods connected its travel and we look guardant to moving intimately pinch Garry and nan squad arsenic they proceed to innovate and present world-class bakery solutions to customers astatine location and abroad.” 

In 2023, Panelto Foods became part of nan recently formed European Bakery Group headquartered successful Tilburg successful nan Netherlands.

It was created erstwhile Netherlands-based Dutch Bakery and Germany’s Coolback combined.  

Dutch Bakery had been mostly owned by UK private-equity and venture-capital patient 3i Group since 2021; 3i Group is now nan proprietor of European Bakery. 

Peter Burke, Ireland’s curate for enterprise, tourism and employment, said successful nan statement: “This finance not only enhances nan company’s capabilities but besides reinforces its domiciled arsenic a cardinal employer and contributor to nan section system successful Longford, and guidance and unit should beryllium highly proud of nan organization they person built.”