PHOENIX, Dec. 9, 2013 /PRNewswire/ -- Inventure
Foods, Inc. (Nasdaq: SNAK) ("Inventure"), a leading specialty food
marketer and manufacturer, today announced the planned purchase of
two state-of-the-art IQF (Individually Quick Frozen) freezing
tunnels for an estimated total purchase price of $3.9 million in 2014.
"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, Inc.
"This intended investment is our latest move in that operational
strategy. 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 2014, prior to the harvest season, at its berry processing
facilities in Lynden, WA and
Salem, OR.
About Inventure Foods, Inc.
With manufacturing facilities in Arizona, Indiana, Washington, Oregon and Georgia, Inventure Foods, Inc. (Nasdaq: SNAK)
is a marketer and manufacturer of specialty food brands in
better-for-you and indulgent categories under a variety of Company
owned and licensed brand names, including Boulder Canyon Natural
Foods®, Jamba®, Seattle's Best
Coffee®, Rader Farms®, T.G.I.
Friday's®, Nathan's Famous®, Vidalia Brands®, Poore
Brothers®, Tato Skins®, Willamette Valley Fruit
CompanyTM, Fresh FrozenTM and Bob's Texas
Style®. For further information about Inventure Foods, please
visit www.inventurefoods.com.
Statements contained in this press release that are not
historical facts are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Because such statements include risks and uncertainties, actual
results may differ materially from those expressed or implied by
such forward-looking statements. Factors that may cause actual
results to differ from the forward-looking statements contained in
this press release and that may affect the Company's prospects in
general include, but are not limited to, general economic
conditions, increases in cost or availability of ingredients,
packaging, energy and employees, price competition and industry
consolidation, ability to execute strategic initiatives, product
recalls or safety concerns, disruptions of supply chain or
information technology systems, customer acceptance of new products
and changes in consumer preferences, food industry and regulatory
factors, interest rate risks, dependence upon major customers,
dependence upon existing and future license agreements, the
possibility that we will need additional financing due to future
operating losses or in order to implement the Company's business
strategy, acquisition and divestiture-related risks, the volatility
of the market price of the Company's common stock, and such other
factors as are described in the Company's filings with the
Securities and Exchange Commission. All forward−looking
statements are based on information available to the Company as of
the date of this news release, and the Company assumes no
obligation to update such statements.
SOURCE Inventure Foods, Inc.