PLYMOUTH, IND. — Pretzels, Inc., a portfolio company of private equity firm Peak Rock Capital, has announced plans to expand its manufacturing facility in Plymouth.
As part of the project, Pretzels said it will add more than 120,000 square feet to its existing Plymouth plant, creating space for additional production and packaging lines. The expansion will increase efficiencies with existing operations. The additional capacity is expected to be operational by the second quarter of 2020, Pretzels said.
“This expansion exemplifies Pretzels’ commitment to exceed our customers’ expectations by significantly enhancing our capabilities and capacity,” said Greg Pearson, chief executive officer. “Pretzels’ management and employees are executing on several strategic growth initiatives, including this expansion, which will enable us to support our customers’ commercial success for years to come. On behalf of the entire Pretzels team, I want to thank our loyal customers, dedicated employees, and supportive community for being an integral part of our growth.”
Pretzels said the expanded facility in Plymouth will complement the company’s operations in Bluffton, Ind., and enhance the company’s depth and breadth of offerings.
Pretzels, Inc. was acquired by an affiliate of private equity firm Peak Rock Capital in October 2018. Headquartered in Bluffton, Pretzels supplies a range of salty snack products, including traditional, peanut butter-filled, flavored, seasonal and gluten-free pretzels, as well as extruded snack products. The company has manufacturing facilities in Bluffton and Plymouth, Ind. The Plymouth facility opened in 2017 and is responsible for peanut butter pretzel and bulk pretzel production.