Texas meat business Capra Foods has received investment from local private-equity firm CoveMark.
CoveMark, also based in Texas, said it planned to help Capra scale its operations to meet customer demand.
Financial details have not been disclosed.
Capra is a specialist lamb producer and highlights what it describes as the humane handling of its livestock, which are 100% pasture-raised and domestically produced using a 100% vegetarian, grass-fed and antibiotic-free diet. Its produce is also non-GMO, without any antibiotics or growth hormones.
Craig Jones, Capra CEO, said: “At Capra, we are committed to bringing grass-fed, premium dorper lamb to the market and to the dinner table. More importantly, we are focused on meeting and exceeding the highest standards and, along with our more than 120 ranchers, nurturing the animals as well the land.”
Speaking about its investment, CoveMark CEO Aaron Cook said: “The Capra team’s commitment to animal welfare and ethical protein production, as well as the land, along with their long-standing relationships with key retailers such as Whole Foods are just a few reasons why we wanted to invest.”
CoveMark’s investments focus on sectors and themes that it believes to be the most profitable in the current macro-economic environment. This is its second investment in the agri-food area.
