INVEST IN GROWTH
Multibar is a leading manufacturer of nutrition and snack bars for the North American market.
- Sector Industries
- Fund Novacap II
The objective is to become a North American leader in the nutrition bar industry. Therefore, the initial investment thesis is to grow the business by investing in additional high speed automated production lines while also diversifying the company’s customer base.
Novacap invested significant capital in production equipment to accelerate the company’s production capacity. The company installed additional high speed automated production lines and invested considerably in research and development. The company also added a 200,000 square feet factory and completed a 100,000 square feet plant expansion. Moreover, Novacap helped Multibar reduce its economic reliance by 50% by supporting the company to vertically integrate and establish a plan to offer adapted manufacturing solutions.