Canyon Creek Food Co., a Canada-based producer of soups and fresh sauces, is investing CAD1.7m (US$1.3m) to expand its sole manufacturing facility in Edmonton.
The publicly-listed business, founded in 1995, plans to invest in new equipment and infrastructure at the plant in the province of Alberta as it seeks to increase production capacity for its natural and preservative-free soups, which are sold into the retail and foodservice channels in Canada, including quick-service restaurants and hospitality venues.
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As well as soups and sauces, the company also supplies the out-of-home segment with freshly cooked stews and chillies, gravies and a variety of mashed potatoes.
Company president Terry Alty said in a statement that Canyon Creek added 23,000 square-foot of floor space to the site in 2019 in anticipation of increased demand in North America. The new expansion will enable the company to support its growth plans, he said.
just-food approached Canyon Creek for more details on the expansion plan and any other markets the business serves but did not receive a response.
In the year to the end of May, Canyon Creek’s revenue increased 38.5% to CAD10.4m, with the company benefiting from its entry into the US, as well as the impact of exchange rates.
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By GlobalDataCanyon Creek did make a net loss of CAD3.9m during the period – up from CAD1m a year earlier – due to a delay in the use of automation, which hit margins, as well as an impairment charge.
