COLORADO SPRINGS, Colo. (PRWEB) January 19, 2023
Roth Industries, a fast-growing manufacturer of ready-to-eat products, is launching a significant growth initiative supported by a revenue-based investment from Decathlon Capital Partners.
Details of the investment were not disclosed.
Mitchell Roth, Co-Founder, President and Chief Executive Officer of Roth Industries, said the company headquartered in Colorado Springs will use the investment to expand its product lines and accelerate its sales growth. “Beginning with our national launch in 2018, Roth Industries has established itself as a leading provider of packaged prepared foods,” Roth said. “With this investment from Decathlon Capital Partners, we will continue our exponential growth, build awareness of our products and brands and continue to expand our footprint with the country’s leading retailers by entering new categories.”
Roth Industries state-of-the-art USDA plant is located in Colorado Springs.
Kevin Grossman, Vice President of Decathlon Capital Partners, said the revenue-based financing by Decathlon Capital Partners is designed as a highly flexible tool to support the growth of Roth Industries.
The investment did not require any exchange of equity or ownership for the growth capital, and Roth Industries was not required to give up any control of the company. Instead, Roth Industries will repay the investment through its future revenues in an agreement that did not require any restrictive covenants or personal guarantees.
“Roth Industries continues its remarkable growth trajectory through nimble development of desirable new products that are distributed through multiple channels,” Grossman said. “The company is well-positioned for continued success.”
About Roth Industries
Roth Industries manufactures premium packaged meals and entrees for its branded businesses, including the Bourbon Brothers® and Prep Chef™ brands, as well as private label offerings for major retailers. Since its first production in 2018, the company has grown exponentially and now has products in over 10,000 stores at leading retailers, including Walmart, Kroger, Albertsons and others. The Colorado Springs based company is focused on developing differentiated, chef-inspired offerings that are produced with the highest quality in its USDA on-site inspected, SQF-certified plant. Learn more at https://www.rothind.com.
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at http://www.decathloncapital.com.