Plant based milk is one of the fastest growing markets on the planet and now, one of the top brands is set to triple their production to meet demand.
Califa Farms have announced a $15 million lease with equipment finance company CapX Partners to further expand its production capacity.
“CapX enjoys working with strong leaders and growing companies,” CapX Partners Managing Director Richard Bollinger said. “Califia Farms is a familiar household brand, recognized as a market leader across multiple categories.”
Califia Farms is at the forefront of the growing plant-based milk industry, which is predicted to reach $35 billion by 2024.
“In order to meet the growing demand, we needed to build two new production lines, which required a significant investment and has resulted in tripling our output capacity at our Bakersfield plant.”