FedDev Ontario Minister of State Gary Goodyear and Newmarket-Aurora, ON, MP Lois Brown announced recently an investment of up to $995,000 for Gum Products International Inc. to expand its line of food safety products, introduce a new line of products and extend its global market reach in the food processing and biotechnology sectors.
FedDev Ontario’s repayable contribution, through the Investing in Business Growth and Productivity initiative, is aimed at helping established businesses to expand operations, invest in productivity improvements and compete globally.
Gum Products International Inc. is a manufacturer of food additives for the food processing industry. The company plans to purchase new processing equipment to accommodate product expansion and introduce a new food safety product to target more food-borne pathogens.
One of the few experts in manufacturing food additives with natural ingredients, the investment will allow the company to make improvements to new technology, expand its global markets, and achieve its goal of transitioning from a food additive manufacturer to a biotechnology company.