Inventure Foods invests in freezing capabilities

Inventure Foods Inc (Nasdaq: SNAK), a specialty food marketer and manufacturer, recently announced the planned purchase in 2014 of two state-of-the-art IQF (Individually Quick Frozen) freezing tunnels for an estimated total purchase price of $3.9 million.
“We continue to look for opportunities to meet growing demand for our frozen fruit products, while also improving margins in our frozen fruit segment by increasing our internal freezing capabilities,” said Terry McDaniel, chief executive officer of Inventure Foods.
“This intended investment is our latest move in that operational strategy,”he said. “When this equipment is coupled with the freezing assets we acquired this year at Willamette Valley Fruit Company and Fresh Frozen Foods, we will have made significant progress toward meeting our frozen fruit processing requirements internally.”
The company expects to install the new tunnels in the second quarter of 2014, prior to the harvest season, at its berry processing facilities in Lynden WA and Salem OR.
With manufacturing facilities in Arizona, Indiana, Washington, Oregon, and Georgia, Inventure Foods markets and manufactures food brands under various company-owned-and-licensed brand names. These include Boulder Canyon Natural Foods, Jamba, Rader Farms, TGI Friday’s, Nathan’s Famous, Vidalia Brands, Poore Brothers, Tato Skins, Willamette Valley Fruit Company, Fresh Frozen, and Bob’s Texas Style.
For further information, visit www.inventurefoods.com.