ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

CAVA Opens a 55,000-Square-Foot Manufacturing Facility in Virginia’s Shenandoah Valley

$35 million facility produces dips, spreads, and dressings for CAVA’s restaurants and consumer packaged goods business

Government officials and dignitaries to speak at today’s ribbon-cutting ceremony

CAVA (NYSE: CAVA), the category-defining Mediterranean fast-casual restaurant brand, today announced the official opening of a new, state-of-the-art food production and packaging facility in Verona, Virginia, located two hours outside Washington D.C., in the heart of the Shenandoah Valley.

As part of its ongoing work to build a scalable infrastructure to support its growth, the company made an initial investment of approximately $35 million in the facility, which manufactures CAVA’s proprietary dips and spreads, including tzatziki, harissa, and Crazy Feta®, as well as select dressings. Along with an existing facility in Laurel, Maryland, the Verona operation can support at least 750 restaurants and the expansion of CAVA’s consumer packaged goods business.

“CAVA Foods Verona is part of a vertically integrated model that supports our business now and over the long term. By centrally producing our dips and spreads, we reduce complexity in our restaurants, improve costs overall, and maintain the quality, consistency, and integrity of our chef-crafted recipes at scale,” said Brett Schulman, Co-Founder and CEO. “We’re excited to be part of the Verona community and grateful for our ongoing partnership with Augusta County and the Commonwealth of Virginia.”

The Verona facility has the capacity to produce more than 100,000 pounds of product a day using high-pressure processing, a cold pasteurization technology that retains the flavor and nutritional benefits of CAVA’s fresh ingredients, with no preservatives.

The facility also features ecological landscaping, airy, welcoming spaces for team members, and a custom, state-of-the-art, and environmentally friendly CO2 refrigeration system that cools production and warehouse spaces.

“It is an honor to welcome CAVA to the Shenandoah Valley and celebrate the company’s plans for growth,” said Commonwealth of Virginia Governor Glenn Youngkin. “The new manufacturing facility will play a crucial role in the economic development of Augusta County, alongside the other renowned business in Mill Place Commerce Park. I look forward to the continued success of the partnership between CAVA and the Commonwealth.”

Representatives from CAVA, Augusta County, and the Commonwealth of Virginia, including Virginia Secretary of Commerce and Trade, Caren Merrick, are scheduled to give remarks during a ribbon-cutting ceremony today.

To learn more about CAVA, follow @CAVA on social channels, including TikTok, Instagram, LinkedIn, Facebook, and others. CAVA Foods, Inc. is a subsidiary of CAVA Group, Inc.

About CAVA

CAVA is the category-defining Mediterranean fast-casual restaurant brand, bringing together healthful food and bold, satisfying flavors at scale. Our brand and our opportunity transcend the Mediterranean category to compete in the large and growing limited-service restaurant sector as well as the health and wellness food category. CAVA serves guests across gender lines, age groups, and income levels and benefits from generational tailwinds created by consumer demand for healthy living and a demographic shift toward greater ethnic diversity. We meet consumers’ desires to engage with convenient, authentic, purpose-driven brands that view food as a source of self-expression. The broad appeal of our food combined with these favorable industry trends drive our vast opportunity for continued growth.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.