Cofresh, which claims to be the UK leader in Indian-style snacks, is investing £20 million ($25. million) in a new factory and warehouse in Nuneaton, UK to keep pace with the expansion of the business, according to a report in the Leicester Mercury.
The 18-month investment will allow Cofresh to complement its existing factory in Leicester, and thus split its snack production between two sites. The Leicester factory will continue to produce the firm’s traditional Indian snacks, the Leicester Mercury reports, while the new factory will be dedicated to the manufacture of its Eat Real brand to cater for growing demand for ‘free from’ snacks.
The investment will reportedly increase the firm’s annual turnover to more than £100 million ($127 million).
Commenting on the project, Cofresh managing director Priyesh Patel said: “We’re delighted to be taking this hugely significant step in the development of our business. Nuneaton’s central location is well-placed for our customer base and offers a great infrastructure and easy access from our primary location in nearby Leicester, while the site itself is perfect for our immediate needs and offers great potential for our ambitious business growth”.
Source: Leicester Mercury