Branchout partnership with Microdried is expected to enhance annual sales of at least $ 5 million: details – Food (Nasdaq: Bof)

Wednesday, Branchout Food Inc. bof It has declared a partnership with Microdried, a provider of dried ingredients and vegetables.

This new project is expected to generate annual ingredients sales from $ 5 million to $ 6 million, with increased growth with increased demand for multi -use and high -performance components.

The Brachout Gentledry technology is integrating into the current Microdried portfolio, which expands the range of solutions available for food manufacturers worldwide.

according to Benzinga ProBof Stock lost 15 % last year.

The partnership will take advantage of the new Brachout facility, which has an area of ​​50,000 square feet in Peru for widespread production.

The global -dried global component market, which is worth $ 36 billion, and grows annually at a rate of 7.6 %, is witnessing an increase in demand for clean and cost -effective food solutions.

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With this agreement, Branchout aims to obtain a share of this expanding market.

The partnership enhances the wide components portfolio of Microdried, providing food manufacturers for drafting and accessing dried components of high -quality.

Cooperation is also in line with the increasing consumer preference for minimal foods and clean label options.

Through the initial requests that were already produced, a branch and microde are placed in a good position to expand its influence in the global components market, providing sustainable solutions to dried components to meet the needs of food manufacturers, according to the company’s statement.

Price work: Bof shares are trading by 3.77 % to $ 1.93 in the last selection on Wednesday.

Sport image from Shutterstock.

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