Clearly Canadian has reported its first rise in revenue in ten years, the company has said, thanks to acquisitions in the baby food and snack markets.
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Sales jumped 48.9% in 2007 to C$11.1m (US$10.8m), the food and beverage group said yesterday (31 March).
Revenue for the two acquisitions it made last year grew. Snack maker DMR Food Corp. saw sales rise by 15%, while turnover from baby food business My Organic Baby more than doubled.
However, Clearly Canadian’s core beverage business saw turnover plunge 25% last year due to rising transport costs.
Nevertheless, chairman and CEO Bobby Genovese said the company was “very pleased” with a rise in turnover for the first time in a decade.
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By GlobalData“This is a direct result of properly positioning the company in the rapidly expanding healthy food and beverage industry. We will continue to pursue opportunities to expand our footprint in this market.”
The company did not disclose profit figures for 2007.
