US frozen meal and snack manufacturer Evol Foods has received investment from a private-equity fund.
The Boulder-based manufacturer said the undisclosed sum from Alliance Consumer Growth (ACG) will help it accelerate nationwide distribution, develop new products and generate consumer awareness and trial.
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Evol CEO Tom Spier said: “We’re excited to announce our partnership with ACG and we’re looking forward to the next stage of growth for the brand. We believe with this latest equity investment we can continue to build on the brand’s momentum and take Evol Foods to the next level through new distribution opportunities, product innovation and driving brand trial.”
Evol says its frozen burritos, entrée bowls, pizzas and flatbreads are all-natural and use only humanely and sustainably raised meat.
ACG managing partner Trevor Nelson said: “They are not only frozen food innovators, but also a best-in-class management team with whom we are tremendously excited to partner. We look forward to helping them continue to build the Evol brand.”
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