Agristo potato fries /credit: Agristo/

Belgian potato products manufacturer Agristo is planning to invest €350m ($369m) to buy and expanding a production site in northern France, its first venture in the country.

The French fries maker is intending to buy a facility in Escaudoeuvres from sugar producer Tereos which closed in March. Financial details relating to the transaction have not been disclosed

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An Agristo spokesperson told Just Food the site is expected to be operational in mid-2027. Agristo is currently preparing to carry out a feasibility study on the site.

The investment will be mainly spent on new machinery and new buildings.

“This investment fits within Agristo’s growth plan,” said Hannelore Raes, co-CEO at the potato manufacturer.

“We want to continue to develop in a growing market. That’s why we are continuing to invest in the existing production sites at the same time.

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“This site has a 150-year history in the agri-food industry. We are happy to continue this with a modern, sustainable production site where we will call on the expertise of French potato growers.”

Agristo plans to make a variety of cut and formed frozen potato products in the facility.

“For the producer of frozen potato-inspired products, expansion just across the border is a logical choice. France is already showing itself as an important market for the family business,” the business said in a statement.

Agristo said it “foresees smooth cohesion and great complementarity” with its three production facilities in Wielsbeke, Harelbeke and Nazareth in Belgium and one in the Netherlands.