Panelto Foods
A Longford-based bread manufacturing facility is set to benefit from a staggering €7 million investment, it was revealed today.
Panelto Foods, which is based in the Longford Business and Technology Park on the Ballinalee Road, is one of the biggest employers in the town with a staff of almost 400.
Spearheaded by CEO Garry Walsh, Panelto Foods produces a range of speciality artisanal breads for the Irish and UK retail market, with production now looking set to increase substantially.
The latest multi-million injection of investment means the facility can now develop a new bread line in accordance with the rapidly growing demand for their products.
The development of a new bread line will, according to Panelto Foods, assist in helping them meet evolving consumer preferences and trends.
Read more: PICTURES | Champagne corks pop as ‘The Salon No. 1’ opens in Drumlish
The company, which originally began as a small bakery in Tuscany, is now a state of the art facility in Longford that produces millions of breads on a daily basis. With a heavy focus on innovation, the company appears to be on track to meet its 2030 growth ambitions.
Speaking about the news of the investment, County Councillor Kevin Hussey told the Longford Leader of the ripple effect such an investment will create.
"Any kind of investment, let along one as massive as this, can only create more for Longford as it will mean more people being employed here and hopefully more people spending here."
He added, "Longford often gets a bashing that I don't understand. I'm from here and I have a business here, so so to see this type of investment in a business that is based here is wonderful because it reflects very positively on Longford and that can only be of benefit to the community."
Subscribe or register today to discover more from DonegalLive.ie
Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.
Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.