Agriculture and Agri-Food Canada lending $3.4 million to Italpasta Ltd. as company buys new production and packaging equipment
BRAMPTON, Ont.—Agriculture and Agri-Food Canada is lending $3.4 million to Ontario-based pasta maker Italpasta Ltd. as the company buys new production and packaging equipment.
Announced by Agriculture Minister Gerry Ritz, the loan to Italpasta falls under the AgriInnovation Program.
“Italpasta, has been manufacturing premium pasta for Canadian consumers since the company was founded in 1989 with just 10 staff,” ItalPasta founder Joseph Vitale said in a statement.
“With continued market leadership, innovation and a dedicated team, Italpasta has grown to over 220 employees and today boasts sales across North America.”
Vitale said his company will soon introduce a new line of pasta products that will feature Canadian cheese, though it didn’t provide any further information.
Agriculture and Agri-Food Canada, meanwhile, said the new equipment is “expected to create eight full-time jobs and increase the demand for locally-produced semolina and cheese.”