US-based Nate's Food is expanding its production capacity to 24 million cans annually, in a move to cater to the increasing demand for its products from grocery stores.
The expansion is expected to generate $75m in revenues annually.
The company is increasing its capacity in anticipation of food supply orders which will help it to avoid costly expenses and prevent delays in meeting the increase in demand.
Nate's Food said that if it can obtain a footprint in the 13,000 stores that were previously acquired, that would require each store to only order 1,800 cans per year to meet the increased production capacity of 24 million cans.
These initial steps are being taken by the company to grow the revenues in anticipation of up-listing to the New York Stock Exchange over the next three to five years.
The company currently produces pancake and waffle batter that are ready-to-use and are delivered in a pressurised can.
