A flavour and fragrance ingredients firm has targeted the beverage market and seen its profits before tax rise by 29 per cent to £2m.
Treatt Group, the parent group of RC Treatt in Bury St Edmunds, posted its six month results to March 31, this week.
A new strategy being led by CEO Daemmon Reeve who took over a year ago, has seen the group investin R&D and new products.
“Sales of tea and citrus ingredients are performing particularly well and the new strategy is enabling the group to win new business with large multi-national consumer corporations,” chairman Tim Jones said.
He said the strategy to become market leaders, had placed particular emphasis on the beverage market.
Volumes of its ingredients across its bases in Bury, the United States and Kenya, were up 33 per cent.
And Mr Jones said the momentum is set to continue into the third quarter of the year, with strong sales and order books ‘Up significantly on a year ago’.
Mr Reeve said: “It has been an exciting and busy six months for the business, and these results are a reflection that this effort and focus is translating into profits.
“We could not do this without the great team we have across all our operations.
“Treatt is well positioned to take advantage of the many opportunities ahead of us.”