Consumer packaged goods company Verus International has announced that it is opening its first manufacturing facility in Texas to support future growth. The facility will operate as a Verus subsidiary under the name Success Labs.
Located in Houston, the 10,000 square foot facility has been designed to provide flexibility to manufacture and package a variety of wet and dry consumer goods, with an initial focus on gummy and nutraceutical products.
The facility will enable Verus to more easily service a nationwide footprint for a variety of branded packaged goods as well as export internationally given its proximity to Port of Houston.
According to the company, the facility is expected to increase its revenue to between $2 million and $3 million per month, depending upon the mix of new products planned for 2020.
Success Labs is part of Verus’ larger strategic plan to add regional and national manufacturing facilities.
“Success Labs represents a major milestone for our company and is part of our goal to become more vertically integrated when in-house processing makes sense,” said Verus CEO Anshu Bhatnagar.
Bhatnagar added: “This facility will provide our customers added confidence in our fulfilment capabilities, while also improving our margins. A key feature of owning our own manufacturing facility is that we can now develop and launch high value lines where we need a higher degree of control, so this facility will accelerate our new product initiatives.
“Our goal has always been to have Verus brands on multiple retailer shelves. Success Labs is going to bring a number of products to market much earlier, so we are excited to make this long-awaited move into manufacturing a reality.”
With equipment installation already underway, the new facility is expected to be operational during early calendar year 2020.
© FoodBev Media Ltd 2019