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Chesapeake Gardens Receives Growth Capital Investment
ALLENTOWN, Pa., Feb. 3, 2012 /PRNewswire-iReach/ -- Healthy food processing company Chesapeake Gardens announced today that it has received debt investment funding from The Reinvestment Fund, a Philadelphia-based firm. The investment will be used for growth capital to support the Company's product line and distribution channel expansion.
Chesapeake Gardens is a creative food processing company focused on both the institutional foodservice and retail food sectors. The Company's healthy food products are distributed through branded and white labeled channels to end customers including schools, hospitals, colleges, restaurants, and supermarkets.
"We are excited to partner with The Reinvestment Fund," said Alan Magan, co-founder and President of Chesapeake Gardens. "Their focus on sustainable and healthy food has been impressive, and we look forward to deepening our relationship with The Reinvestment Fund going forward."
"This growth capital will be instrumental in helping us expand our existing foodservice footprint while substantively accelerating our retail sector growth," said Matt Magan, co-founder and Director of Chesapeake Gardens. "Most importantly, this investment enables us to increase production volumes of our healthy food products for distribution throughout the Eastern U.S."
Chesapeake Gardens is headquartered in Allentown, Pennsylvania.
Media Contact: Matthew Magan Chesapeake Gardens, 704.999.9832, matthew.magan@chesapeakegardens.com
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SOURCE Chesapeake Gardens
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