Business
Barfresh Expands Annual Production Capacity by Additional 50 million Units with New Third Party Location with Ability for Further Future Expansion
Location Primarily Dedicated to Manufacturing Company’s New Pop & Go™ Freeze Pops Company Has Recently Added Three New Third Party Locations Dramatically
About this update from Barfresh Food Group Inc.
[{"type":"text","content":"Location Primarily Dedicated to Manufacturing Company’s New Pop & Go™ Freeze Pops Company Has Recently Added Three New Third Party Locations Dramatically Boosting Annual Capacity to Over 120 million Units LOS ANGELES, July 31, 2024 (GLOBE NEWSWIRE) -- Barfresh Food Group Inc. (the “Company” or “Barfresh”) (Nasdaq: BRFH), a provider of frozen, ready-to-blend and ready-to-drink beverages, today announced a new co-manufacturing location. This new location will primarily be dedicated to manufacturing the Company’s recently launched Pop & Go™ Freeze Pops, as well as some of its other offerings. In addition, this new capacity adds 50 million units annually with the ability for further expansion at this facility in the future. Overall, the Company now has the ability to produce over 120 million units annually of its full range of offerings in all channels. Riccardo Delle Coste, the Company’s Chief Executive Officer, stated, “In the last month we have added three new third-party locations, thereby growing our manufacturing capacity to over 120 million units annually in order to meet current demand and position ourselves for future success. This latest location will be instrumental in producing our innovative new Pop & Go™ freeze pops, which we believe has tremendous potential in the education channel. The scalability of this new location aligns perfectly with our projected customer acquisition growth. These three key partners are part of our strategic initiative to strengthen and diversify our manufacturing footprint. This approach not only positions us for rapid expansion but also mitigates risks by reducing reliance on any single location, significantly enhancing our operational resilience and scalability.” “From adding key hires to increasing customer acquisition and extending our product portfolio, we’ve methodically built a robust foundation for significant revenue expansion. These manufacturing partners complete our strategic preparations, enabling us to meet growing demand in our key education sales channel, while also expanding into other foodservice and retail channels, setting the stage for accelerated growth across multiple customer segments.” About Barfresh Food Group Barfresh Food Group Inc. (Nasdaq: BRFH) is a developer, manufacturer and distributor of ready-to-blend and ready-to-drink beverages, including smoothies, shake...