New biscuit factory brings 100 jobs
One hundred jobs are to be created with the opening of a new biscuit factory.
East Coast Bakehouse is to invest 15 million euro in a manufacturing facility in Drogheda.
The money will transform a recently renovated food production facility the size of a football pitch at Donore Road business park into a state-of-the-art bakehouse, innovation facility, warehouse and offices.
Ireland's domestic biscuit industry is worth 170 million euro and the UK market is valued at more than two billion euro.
East Coast Bakehouse will produce its own new brand and will also manufacture private label for the home market and export.
This project is supported by Enterprise Ireland.
Jobs Minister Richard Bruton said: "As I have said before, at the heart of our jobs plan is creating a powerful engine of Irish industry, alongside the strong multinational sector, creating jobs in every town and county in the country.
"East Coast Bakehouse is a great company and a great example of what we are trying to achieve with our plan - an Irish company, in a sector we are strong in, winning export markets and creating large numbers of jobs in Drogheda."
The founders of the new business include chief executive Michael Carey, Alison Cowzer, Daragh Monahan, James Yarr and Gerry Murphy - the management team that set up the Jacob Fruitfield Group before it was sold in 2011 to Valeo Foods.