Glanbia Performance Nutrition awarded £200,000
In addition to the grant, the company will receive investment from its Irish Parent company Glanbia. It is also working with regeneration firm Tees Valley Regeneration and Middlesbrough Council.
The Middlesbrough-based company makes bars, ready-to-mix powders and drinks for the sports nutrition and weight management markets. It is looking to expand after enjoying over 50% year-on-year growth, since 2005, it claims.
“We’ve seen such high levels of growth over the past three years that staffing levels have more than trebled and we’re now close to capacity in certain areas,” said Keith Burn, general manager at Glanbia.
“So the next step for us is looking at how we take the business on. We are predicting further growth over the next couple of years and if we’re to meet that growth we will need to identify ways in which we can expand the business through additional investment in Middlesbrough.”
This article was originally published on our sister site FoodManufacture.
