"Japanese tofu company Dragonfly Foods has signed a 21-year lease on new, purpose built premises at a growing Devon Business Park.
The food manufacturer, which is owned by Japanese business Hikari Miso, has signed the lease which will see them move in to, part of a brand new warehouse that has been constructed at the park, a move that has also seen Hikari Miso has invest £4.5m fitting out the factory.
Managing Director of Dragonfly Foods, Amanda Robson, comments: "We are delighted with our new factory at Hitchcocks Business Park. It is a really unique site combining idyllic surroundings with fabulous location for transport links."
Lead director at JLL Property Services Exeter who brokered the deal Tim Western, added: "The creation of Hitchcocks Business Park in Willand has been and continues to be a big win for the area.
"As more and more thriving businesses join the park, it is helping to put this part of Devon on the map as a hub for the manufacturing and distribution sectors.
"It is also excellent to see a major Japanese company choosing to invest in the UK, and in particular Devon."
Hitchcocks Business Park is based at the site of a former working farm and was established in 2013 as part of a diversification strategy for the farm.
Existing businesses on site include Gregory Distribution, DFS, Mid Devon District Council and Trucksmith.
The move, which will create additional food manufacturing jobs in the area has been welcomed by the Business Park owner, Richard Persey who comments, "It has been an absolute pleasure to work with the Dragonfly team to provide the accommodation they required to take their business to the next level."
"Our decision to construct high quality buildings speculatively has paid off and we intend to continue this strategy to meet the high levels of demand that we are experiencing."