A leading Turkish producer of dried fruit, seeds and nuts, Peyman Kuruyemiş, is set to expand its business with a €32 million loan from FMO and the EBRD.

The company, owned by British private equity fund Bridgepoint, is building a new production facility in the industrial zone of Eskişehir, a city in north-western Turkey. EBRD arranged the loan, with €10 million syndicated to FMO, the Dutch development bank.

The new 59,000 m²plant will become operational in the first half of 2018 and by 2023 it will have doubled the company’s production capacity to 45,000 tonnes. The plant’s modern layout and state-of-the-art equipment will help increase efficiency and save costs, freeing up resources for new products such as snack bars and chips.

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