The funds will be used to establish production facilities in the US, complementing its existing London-based operations.
Milano cookies have evolved into one of Pepperidge Farm’s most iconic offerings.
The Grand Rapids facility was acquired in 2021 through a US$41 million deal with Great Lakes Festida Holdings Inc.
To support this expansion, Eshbal has acquired the assets of Swonder Bread.
The snack will be available in mid-August.