IAWS profits rise 21% to €27.6m

IAWS has reported better-than-expected interim profits driven by continued growth of its key Cuisine and Delice de France brands.

The company has also announced plans to invest up to €40 million in a new production facility in the US as part of the rollout of its La Brea artisan bread products.

This facility will be constructed on the East Coast at the existing site in New Jersey.