Juice and smoothie brand Coldpress has secured a landmark £2.3 million cash injection from investment bank Marechale Capital and consumer brand specialist Odexia.
The news comes as Coldpress continues to see strong growth both in the UK and overseas, with new stockists including Boots, Autogrill, and Carrefour in Europe. Fruit for the Coldpress range of drinks is supplied by Spanish fruit cooperative Indulleida.
Founder Andrew Gibb said: “We feel now is the perfect moment to forge ahead, expand our sales and marketing function, accelerate our unrivalled innovation pipeline (fruit and veggie juices, smoothies, almond drinks, low-calorie fruit-themed coconut and sparkling waters) and open up other influential distribution channels both at home and abroad.”
Odexia co-founder Carl Atkinson said he was “suitably impressed by a well-run and profitable operation that successfully taps into today’s accelerating healthier living concerns.”
Marechale Capital is a JV partner with Odexia’s Consumer Brand Fund and provided additional co-investment. CEO Patrick Booth-Clibborn said: “Coldpress is the dominant brand in the European cold pressed juice market and we’re pleased to have provided our investor clients which such a dynamic and innovative brand investment.
“At Marechale we are fortunate to have advised and financed some of the UK's leading consumer and leisure brands, and we are delighted to have backed Andrew, one the leading voices within the cold pressed drinks sector, and his dynamic team.”