Newcastle canning company CRL Foods gets £1m Northern Powerhouse investment
A Newcastle food and drink canning company has secured a £1m investment from the Northern Powerhouse Investment Fund II.
CRL Foods has developed patented technologies to manufacture a range of ready-to-drink beverages including cold brew coffees, teas and protein drinks. It has secured a £1m investment from NPIF II - Maven Equity Finance, following two earlier Maven deals from other funds that allowed it to add new production lines and take on staff.
The new deal will allow CRL to scale rapidly and deliver significantly higher volumes following a number of new contract wins. The company’s technology allows longer shelf life for some products as well as providing recyclable pack
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