EIB and Puratos signed a EUR 40 million loan contract

 
The European Investment Bank (EIB) and Puratos signed a EUR 40 million loan contract that finances Puratos’ RDI program in the areas of nutrition, food processing, shelf life extension and improved food ingredients.

Originally founded in Brussels in 1919, Puratos is active in over 100 countries and employs approximately 7.000 people globally, including 800 R&D researchers and technical advisors. The family-owned group invests 2.5 per cent of its revenues in R&D. The R&D activities are predominantly carried out in the main research centre of Puratos located in Groot-Bijgaarden near Brussels, Belgium.
Daniel Malcorps, CEO of Puratos, declared: “Puratos has developed ambitious R&D programs over the years to enhance the quality, the taste and the nutritional value of its products according to the evolving needs and expectations of consumers and customers. With this loan, the EIB has become a knowledgeable partner in Puratos’ financing strategy, stimulating the Group’s ambitious R&D activities, especially in Europe. It will therefore open new opportunities for Puratos such as the further development of our product offer, the international growth of the business and the reinforcement of our pioneer role in the sector.”
The EIB loan will finance Puratos’ RDI program in the areas of nutrition, food processing, shelf life extension and improved food ingredients. The R&D activities that will be carried out will ensure the development of new fermentation based products and tasty, nutritious functional ingredients for the bakery, patisserie and chocolate sector. This operation is the second loan in favor of the Group and is the continuation of the RDI program carried out in 2012-2015.