Supply Chain Council of European Union | Scceu.org
Operations

Higgidy invests £10m in factory expansion

The planned investment will be used to purchase new equipment, expand the footprint of the site, and upgrade its current office and shared spaces.

Plans to expand the business followed increased demand for Higgidy’s products, fuelled by a rise in flexitarian and vegan diets over the past 12 months – 72% of its food range is plant-based or vegan, with this number increasing to 75% by the end of 2022.

‘Entrepreneurial routes’

Mark Campbell, chairman of Higgidy said: “The Higgidy leadership team have created a compelling strategy for the next five years and the investment and support from Samworth Brothers means we can continue to build a strong culture, whilst keeping our entrepreneurial roots intact.​ 

“Camilla, James and myself, as Higgidy’s Founders remain as excited about the future as we did on day one, which is why we will be involved in the brand’s next phase of growth and continue on as minority shareholders.”

Boasting compound annual growth of more than 15% over the past ten years, the Higgidy brand’s retail value was now in excess of £50M, the business claimed. It planned to double the size of the brand in the next five years, with the initial stage of capital investment unlocking capacity which will take the brand close to retail sales value of £66m.

Samworth Brothers

Flor Healy, Samworth Brothers chief executive added: “Higgidy’s positioning means they are extremely well placed to meet consumer trends. With Higgidy becoming a B-Corp last year this reinforces the synergies that already existed with Samworth Brothers also being a truly values led and purposeful business.”

Related posts

Johann Zarco set to grab factory Ducati seat for 2021 M…

scceu

Factory owners urged to pay workers’ salaries, Eid bonus within July 19

scceu

GET BACK – Andrew Young Plays The Beatles Comes to The Drama Factory

scceu