EVOL Foods Receives Loan From RSF Social Finance

Environmentally focused frozen food company to grow its sustainable endeavors

Jun 01, 2011, 12:31 ET from EVOL Foods

BOULDER, Colo., June 1, 2011 /PRNewswire/ -- EVOL Foods, Boulder-based maker of made-from-scratch natural and organic frozen meals, snacks, pizzas and flatbreads, has been awarded an asset-based loan from RSF Social Finance (RSF), a San Francisco-based nonprofit organization dedicated to the growth of social enterprises working in Food & Agriculture, Education & the Arts and Ecological Stewardship. EVOL will be using the funds from RSF's Social Investment Fund to further its sustainable practices and pursue new ways to bring about change in a challenged and changing food system.

"RSF Social Finance is proud to be a financial partner for EVOL Foods," said Kevin Thompson, RSF Lending Manager. "We were drawn to EVOL because of the company's commitment to being a social enterprise in all aspects of its business: from using local, organic ingredients to running energy efficient manufacturing and distribution operations. RSF looks forward to supporting EVOL's growth in the years to come."

Since EVOL's inception, sustainable business practices have been a top priority. EVOL's manufacturing facility produces very little waste and is dedicated to composting, recycling and bundling freight miles while also offsetting its carbon footprint by purchasing one Wind-e Renewable Energy Credit for every kilowatt hour of electricity it uses. EVOL is also working to innovate more sustainable packaging (a difficult undertaking for frozen food) and recently introduced a new compostable bowl that is also 100 percent recyclable.

Additionally, in all its product offerings, EVOL is committed to using ingredients like humanely and sustainably raised meats from family farms and sustainably grown produce like corn and farm-fresh vegetables. As one of the fastest-growing companies both locally (within Boulder, Colo.) and in the natural and organic food channel, EVOL Foods is cultivating change and innovating the way people interact with their food. EVOL's customers get a full-circle view of their food, from start to finish, that delivers peace of mind and confidence when making purchasing decisions.

"As a growing company, we continue to be a work in progress. Partnering with RSF will enable us to further innovate both our brand and our category," said Alyssa Ferenz, EVOL Foods Vice President of Finance. "It is inspiring to know that we are supported by people who invest their money not because of projected returns, but because of RSF's mission to support socially and sustainably focused enterprises. With their dollars, RSF investors are truly changing the way our food system works."

EVOL stands among other sustainably focused companies that have received loans from RSF including Late July Organic Snacks, Happy Family, Revolution Foods, Numi Organic Teas and many others. RSF's mission to transform the way the world works and generate positive, social and environmental impact through its investing, lending and giving services is evident by the contributions to society and the environment that these companies make every day.

About EVOL Foods

EVOL (ee-vuhl) Foods, based in Boulder, Colo., is changing the way the world thinks about frozen food. Philip Anson, chief operating officer, chef and founder, is very choosy about what goes into his burritos, wraps, snacks, entrees, flatbreads and pizzas: antibiotic-free chicken, pork, beef and chorizo sausage; artisan hand-tossed dough; cage-free eggs; traditionally made tortillas; herb-roasted skin-on potatoes; house-made green chile and salsas; and numerous local and organic ingredients. There's a lot to LOVE about EVOL. Produced by Phil's Fresh Foods LLC, EVOL Foods is available in grocery stores nationwide. www.evolfoods.com

About RSF

RSF Social Finance is a nonprofit financial services organization dedicated to transforming the way the world works with money. Inspired by the work of Rudolf Steiner, RSF offers investing, lending, and giving services that generate positive social and environmental impacts while fostering community and collaboration among participants. In partnership with its investors and donors, RSF has made $230 million in loans and over $100 million in grants since 1984 to for-profit and nonprofit social enterprises working in the areas of Food & Agriculture, Education & the Arts, and Ecological Stewardship. Underlying its work is a spirited conversation about the role that money can play in the development of humanity. www.rsfsocialfinance.org


Danielle Winslow