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The goal is to expand the company’s market reach via a series of growth initiatives, including expansion into new product offerings and geographies and potential acquisitions in the food distribution industry.
Goya Foods, Secaucus, N.J., opened four new state-of-the-art manufacturing, production and distribution facilities in Texas, Georgia, California and New Jersey, as part of a $250 million investment for a global expansion to support consumer demands of Goya's healthy product lines.
Consumers are feeling the heat of Latin flavors and asking
for more.
This year, Hispanic food and beverage sales are expected to reach $8.4 billion
(from $5.7 billion in 2006), reports Packaged Facts, a New York-based market
research group.