Nutroganics acquires and grows revenue-generating businesses operating in the healthy lifestyle marketplace and seeks to capitalize on synergies from manufacturing through distribution
Nutroganics announces that its wholly owned subsidiary, NuStar Manufacturing, LLC, has purchased additional manufacturing equipment for powdered nutritional and food products to be produced in the company's Utah, USA, facility.
Included in the new equipment is an additional powdered stickpack machine that can generate an estimated US$300,000 per month in additional revenue at 75% utilisation.
David Sackler, Nutroganics' President and CEO, said: 'We are pleased to announce a further expansion of our manufacturing capabilities and capacity at NuStar. The new equipment allows us to continue to meet the growing needs and demand of our existing customer base, as well as attract and service new customers.'