Tanfield Foods, a manufacturer of allergen free ready meals, soups and sauces, has obtained a GBP4m investment from Inventages Venture Capital.
The new money will be used to build capacity in the Consett factory unit and provide extra marketing support, particularly for Tanfield Food’s key brand “Look What We Found!”.
Tanfield Foods started production on a green field site in Consett County Durham five years ago. It employs over 100 permanent staff and is currently listed in Sainsbury’s, Waitrose, Tesco, Asda and Morrison’s.
"We are pleased to be working with such an experienced international investor with wide industry expertise and its network of partners. I am certain their involvement will dramatically accelerate the growth of our company," says Roger McKechnie, Tanfield’s executive chairman.
“We believe Tanfield taps into the growing trend towards lower carbon footprints. The quality of their products is so high that they have the potential to partially replace the chilled and frozen category as well as to penetrate into new channels currently not served by cold chain supply,” adds Erich Sieber, the Inventages partner who has joined Tanfield’s board of directors.
Inventages is a venture capital fund focused on the life sciences, nutrition and wellness sectors.
