UK: Glisten eyes doubling of branded sales
Glisten is looking to double its branded sales over the next 12 months, the UK snack foods and confectionery group has told just-food.
The London-listed firm is looking to expand its business further after booking an 18% jump in profits last year.
Sales also rose, up 5% for the 12 months to 30 June, but Glisten has not rested on its laurels, snapping up UK firm Dormen Foods and forming a venture to buy niche producer Skinny Candy in recent weeks.
Glisten's core business focuses on the production of cereal, fruit snack bars and health bars but the company has a presence in organic and natural snacks and premium confectionery.
The majority of Glisten's business is the production of own-label "healthy" snacks and confectionery but chairman Jeremy Hamer (pictured) said the firm wants its brands to account for 20% of sales in 12 months' time.
"Some 10% of our business is branded but this year we're looking to double that," Hamer told just-food last night (10 September). "This will happen partly because of Dormen Foods, partly because of our SunMaid brands and partly the Fruitus brand."
Hamer added that the "breadth of the company's distribution", across retail and foodservice channels, would stand Glisten in good stead. "All in all, we're very excited about the growth we're seeing across various parts of the business."
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