Panrico: completes integration of Artiach biscuits

Barcelona / ES. (div) Panrico SLU, leader on the bakery product and sandwich loaf market in Spain and Portugal, has completed the integration of Artiach, a biscuit business acquired from Kraft Foods in July 2008. The integration became complete with the relocation of Artiach´s offices to Panrico´s headquarters in Barcelona. A year ago, Panrico said it would invest 12,5 million EUR between 2009 and 2011 in its Orozko (Vizcaya) plant, where Artiach biscuits are made and marketed under several brands. The project includes the installation of two new production lines and increases Artich´s production capacity from 30’000 to 50’000 tonnes per year.