PHOENIX, May 6 /PRNewswire-FirstCall/ --The Inventure
Group, Inc. (Nasdaq: SNAK), a leading specialty snack food company,
will expand its Bluffton, Ind.
manufacturing facility to add extruded snack production
capabilities later this year. The $4
million expansion is expected to be complete by the third
quarter of 2010.
The addition of the latest state-of-the-art extrusion technology
expands manufacturing capabilities at the Bluffton facility to include sheeted dough,
pellet and extruded baked snacks. The new investment allows
The Inventure Group to continue to develop the unique new products
that have positioned the Company as a leading snack food
innovator.
In addition, The Inventure Group will bring manufacturing inside
that is currently outsourced, including its popular Burger King™
Onion Rings and T.G.I. Friday's®
Mozzarella Sticks.
"This new extrusion technology allows us to take our expertise
as snack food innovators to a new, growing category of snack
foods," said Terry McDaniel, CEO of
The Inventure Group. "It allows us to leverage our current
Bluffton infrastructure to
increase margins for all of the products we manufacture at that
facility, and ultimately it increases in the number of new and
innovative products we'll bring to market each year."
According to a recent Information Resources (IRI) report, sales
of cheese and extruded snacks are up 10 percent over last year,
pushing the extruded snack category to an all-time high of
$732 million in sales.
In the past 12 months, The Inventure Group has added a number of
new extruded products including Burger King™ French Toast Sticks
and T.G.I. Friday's™ Buffalo
Sticks.
"The extruded snack category began with the basic cheese puff
years ago, so it's amazing to see the innovation that has happened
in recent years" said Steve Sklar,
vice president of marketing at The Inventure Group. "We've been on
the cutting edge with our extruded concepts, and certainly the new
manufacturing capabilities are going to allow us even greater
creative flexibility when dreaming up the next French Toast Stick
or Hot & Spicy Onion Ring snack."
Clextral Group, a leading international food processing company,
will manufacture and install the proprietary extruded production
line in Bluffton.
NewsCap:
Press Release: The Inventure Group brings extruded snack
production to Bluffton, Ind. to
build Burger King™, T.G.I. Friday's®
snack brands.
About The Inventure Group, Inc.
With manufacturing facilities in Arizona, Indiana and Washington, The Inventure Group (Nasdaq:SNAK)
is a marketer and manufacturer of Intensely Different™ specialty
brands in indulgent and better-for-you food categories under a
variety of Company owned or licensed brand names, including
T.G.I. Friday's®, BURGER KING™,
Jamba™, Rader Farms®, Boulder Canyon™ Natural Foods, Poore
Brothers®, Tato Skins® and Bob's Texas Style®. For further
information about The Inventure Group please visit
http://www.inventuregroup.net.
SOURCE The Inventure Group, Inc.