"We are excited about the growth in our kettle chip business. Both of our Boulder Canyon Natural Foods(tm) brand and Poore Brothers(r) brands have grown by double digit rates over the two-year period ending September 30, 2008. The 26% sales increase of our Boulder Canyon(tm) all natural brand for the year-to-date period ending September 30, 2008 is outpacing the high growth natural snack section reported in SPINS data for that period. Through continued introduction of innovative products and the further geographic and channel expansion, we expect the current positive growth trends to continue. This investment will allow for the continued expected growth and will help us remain competitive,"said Terry McDaniel, President &CEO of The Inventure Group.
"There are many companies which believe the best course of action during these more difficult economic times is to pull back on investment. We feel we need to continue to invest in order to maintain or increase our current top line growth rates. Additionally, we expect to see improved efficiencies with the new equipment. This investment will also send a clear message to our associates that we intend to continue to grow this business and are committed to continued investment in the Goodyear facility,"continued McDaniel.
