One hundred and ten new jobs are set to be created at Bedwas-based Peter’s Pies.
The food manufacturer, which currently employs 730 people and has annual revenues of £65 million, has secured a number of new deals to supply several leading UK brands and retailers.
The company will be moving to a two-shift operation later this month, which means more workers will be needed.
The company is currently recruiting for the new positions and has held discussions with workers who have been affected by the closure of Triumph in Merthyr Tydfil.
Peter’s managing director Mike Grimwood said: “The past few years have seen extremely challenging market conditions, particularly with an exceptional increase in raw material costs.
“Last year we announced a strategic review of our business to ensure its sustainability and ultimately future growth.
“A decision was taken to terminate several contracts which we considered unviable for the business.
“In addition, we have invested heavily in innovative products that will aid us to diversify into new product areas whilst maintaining the core heritage products that Peter’s is famous for.”
Mr Grimwood added: “Like many manufacturers we have experienced difficult times, but with the support of our excellent and committed staff we have been able to shape a bright new future for Peter’s.”
Reacting to the announcement, Caerphilly AM Hefin David said: “This is very good news. Both Wayne David MP and I held meetings with the management team during difficult times last year and their commitment to their staff and growing the business was clear. The hard work is paying off.”