Agristo the Belgian potato product company is set to make its original investment in a point in France.

18 Oct, 2023

Agristo the Belgian potato product company is set to make its original investment in a point in France.

Belgian potato product manufacturer Agristo is embarking on a significant expansion into the French market by investing€ 350 million 369 million to acquire and enhance a product installation in northern France. This marks Agristo's original incursion into the French request and the company's intentions are to buy a installation in Escaudoeuvres which was preliminarily possessed by sugar patron Tereos and closed down in March. fiscal specifics regarding the sale remain undisclosed.

An Agristo prophet informed Just Food that the installation is anticipated to come functional in mid2027. The company is presently in the process of conducting a feasibility study for the point. The maturity of the€ 350 million investment will be directed towards acquiring new ministry and constructing fresh structures.

Hannelore Raes coCEO at Agristo stated This investment fits within Agristo's growth plan. Our end is to thrive in an expanding request which is why we are committed to contemporaneous investments in our current product installations. This point boasts a rich 150 time heritage in the agrifood sector and we're enthusiastic about conserving this heritage by creating a contemporary and eco-friendly product point. We'll also work the moxie of French potato farmers to further enhance our operations.

Agristo's ideal for the French installation includes the product of colorful cut and formed frozen potato products. The company views the expansion into the French request as a strategic move due to the country's adding significance in the family owned business.

Agristo believes that the expansion into France will produce a harmonious and reciprocal relationship with its product installations in Wielsbeke Harelbeke and Nazareth in Belgium as well as one installation in the Netherlands.