Inventure Foods, Inc. operates as a manufacturer and marketer of healthy/natural and indulgent specialty snack food brands. Segments The company operates in two segments, Frozen Products and Snack Products. Frozen Products This segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers. All products sold under this segment are considered part of the healthy/natural food category. Snack Products This segment produces potato chips, kettle chips, potato crisps, potato skins, pellet snacks, sheeted dough products and extruded products for sale primarily to snack food distributors and retailers. The products sold under this segment include products considered part of the indulgent specialty snack food category, as well as products considered part of the healthy/natural food category. Products In the company’s healthy/natural food category, products include Rader Farms frozen berries, Boulder Canyon Authentic Foods brand kettle cooked potato chips, Willamette Valley Fruit Company frozen fruit and vegetables, Fresh Frozen frozen fruit and vegetables, Jamba branded blend-and-serve smoothie kits under license from Jamba Juice Company, Seattle’s Best Coffee Frozen Coffee Blends branded blend-and-serve frozen coffee beverage under license from Seattle’s Best Coffee, LLC, and Sin In A Tin chocolate pate and other frozen desserts and private label frozen fruit and healthy/natural snacks. In the company’s indulgent specialty snack food category, products include T.G.I. Friday’s brand snacks under license from T.G.I. Friday’s; Nathan’s Famous brand snack products under license from Nathan’s Famous Corporation; Vidalia brand snack products under license from Vidalia Brands, Inc.; Poore Brothers kettle cooked potato chips; Bob’s Texas Style kettle cooked chips; and Tato Skins brand potato snacks. The company also manufactures private label snack chip products for various grocery chains and natural stores and co-pack products for other snack manufacturers. Marketing and Distribution The company’s products are sold through various channels, including grocery stores, natural food stores, mass merchandisers, drug and convenience stores, club stores, value, vending, food service, industrial and international. The company’s products are distributed through company-owned and third-party warehouses, direct store delivery, distribution centers and other facilities. Customers Costco accounted for approximately 23% of the company’s 2015 net revenues. Business Strategy The company’s business strategy is to continue building a portfolio of high quality, competitively priced healthy/natural food brands and indulgent specialty snack food brands through expansion of existing brands, licensing, acquisition and development. The primary elements of the company’s long-term business strategy are to promote, develop, acquire or license innovative healthy/natural and indulgent specialty snack food brands; broaden distribution of existing brands; broaden distribution of private label; develop new products for existing brands; leverage infrastructure and capacity; and pursue selective licenses and acquisitions. Trademarks The company owns various trademarks in the United States, such as Boulder Canyon, Canyon Cut, Rader Farms, Poore Brothers, Intensely Different, Texas Style, Tato Skins, O’Boisies, Pizzarias, Braids, Willamette Valley Fruit Company, Fresh Frozen, and Sin In A Tin. Seasonality The company’s industrial berry business at Willamette Valley Fruit Company is generally slower during the first quarter of each fiscal year (year ended December 2015). Research and Development The company recorded $0.4 million for research and development costs in the year ended December 26, 2015. History Inventure Foods, Inc. was founded in 1986.
inventure foods inc (SNAK:NASDAQ GS)
5415 East High Street
Phoenix, AZ 85054
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