The signing marks the start of a project that will support the growth of both groups in the region.
During the signing ceremony, which took place today at the Grand-Place factory in Binh Duong, Puratos Group and Grand-Place Holding agreed on the creation a joint venture (70% Puratos-30% Grand-Place) to join forces on the Vietnamese market and within the region.
The joint venture, which will be known as Puratos Grand-Place Vietnam, represents a total investment of $10m over a five-year period into three different lines of business; bakery, patisserie and chocolate.
Source: Puratos Group
.
© FoodBev Media Ltd 2024