US: Plum eyes international growth after UK acquisition
Plum eyes global growth
Plum Organics plans to expand its business further in international markets following yesterday's (24 January) acquisition of UK baby food group Plum UK.
Speaking to just-food, Plum Organics CEO Neil Grimmer revealed that the company is eyeing further growth outside the US and UK markets.
"We don't think healthy food for kids is an idea that is exclusive to the UK or US. We think that is an idea that has global appeal for parents everywhere," he commented.
Plum UK CEO Scott Wootherspoon added: "There are plans to expand in other markets. It is a bit early to say what they are, but this is a significant opportunity all over the world. We will be going into new markets at the right time."
For more detail on how Plum plans to grow its baby food brand, click here for just-food's interview with Wootherspoon and Grimmer.
TechNavio's Analysts forecast the Global Baby Food and Formula market to grow at a CAGR of 5.4 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growi...
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