Portland natural foods company grows

| Print |  Email
Articles - February 2013
Monday, January 28, 2013

BY LINDA BAKER 

0213 FOB GamePlan NaturalFoods
Dan Klock, CEO of Bridgetown Natural Foods
// Photo courtesy Bridgetown Natural Foods

Eighty percent of young adults eat one snack bar per day, the gluten-free category is growing at about 30% a year, and growth in the organic and natural foods market outpaces the food market as a whole. Collectively, these developments are driving rapid growth at Bridgetown Natural Foods, a Southeast Portland contract manufacturer of organic and gluten-free snacks, including fruit bars, baked goods, granola and cookies.

“The fundamentals are very strong,” says Dan Klock, chief executive of the 3-year-old, privately held company.

In 2012 Bridgetown doubled its revenues and is expected to do the same in 2013, Klock says. The company landed a $7 million line of credit from NewStar Business Credit in November to finance working capital and is planning further expansion, including installing two new processing lines at the company’s manufacturing plant in the Lents neighborhood. That project will allow Bridgetown to hire 50 additional employees, bringing the total number of workers to about 250.

A one-stop shopping center for emerging brands, Bridgetown does more than make and package products under different labels. The company also offers a variety of services ranging from research and development to purchasing ideas to helping entrepreneurs raise capital.

“We focus on people who are developing their business,” says Klock, adding that Bridgetown’s typical customer is someone working out of their kitchen, looking to sell value-added products to grocers such as New Seasons or Whole Foods.

“If you wanted to sell a fiber bar to a large brand such as General Mills, you wouldn’t come to us, because there are bigger plants,” Klock says. “But if you wanted to make an artisan granola with fruits and nuts and berries, we would be someone who understands the supply chain.”

The company’s innovation strategy focuses on ingredients and delivery method. For example, Bridgetown focuses on how to incorporate popular fresh ingredients such as kale or chia seeds into a bar or other portable snack format. The company is one of the few gluten-free-certified plants in the country. It also adheres to a triple-bottom-line business philosophy, from selling all its waste as hog feed to hiring more than 80% of its employees from the neighborhood.

“People are continuing to shift to natural foods, and millennials are prioritizing innovation and choice,” Klock says. “The demographic trends are favoring us.”

 

More Articles

Flattery with Numbers

July/August 2015
Friday, July 10, 2015
BY JOE CORTRIGHT

The false promise of economic impact statements.


Read more...

Business partnerships: taming the three-headed monster

Contributed Blogs
Monday, July 06, 2015
070615-businessmarriagefail-thumbBY KATHERINE HEEKIN | OB GUEST COLUMNIST

Picking a business partner is not much different than choosing a spouse or life partner, and the business break-up can be as heart-wrenching and costly as divorce.


Read more...

Photo Log: Shooting 10 innovators in rural health care

The Latest
Monday, August 03, 2015
007blogBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

You may have noticed the photos of our rural health innovators departed from the typical Oregon Business aesthetic.


Read more...

Marijuana law ushers in new business age

The Latest
Tuesday, June 23, 2015
062315panelthumbBY KIM MOORE | RESEARCH EDITOR

Oregon’s new marijuana law is expected to lead to a bevy of new business opportunities for the state. And not just for growers. Law firms, HR consultants, energy efficiency companies and many others are expected to benefit from the decriminalization of pot, according to panelists at an Oregon Business breakfast meeting on Tuesday.


Read more...

Farm in a Box

July/August 2015
Friday, July 10, 2015
BY JACOB PALMER

Most of the food Americans consume is trucked in from hundreds of miles away. Eric Wilson, co-founder and CEO of Gro-volution, wants to change that. So this past spring, the Air Force veteran and former greenhouse manager started work on an alternative farming system he claims is more efficient than conventional agriculture, and also shortens the distance between the consumer and the farm.


Read more...

Oregon needs a Grand Bargain energy plan

Linda Baker
Monday, June 22, 2015
0622-gastaxblogthumbBY LINDA BAKER

The Clean Fuels/gas tax trade off will go down in history as another disjointed, on-again off-again approach to city and state lawmaking.


Read more...

The Private 150: From Strength to Strength

July/August 2015
Monday, July 13, 2015
BY KIM MOORE

Revenues in Oregon's private, for profit sector maintained solid growth as the economy continued to rebound.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS