Noosa Yogurt, Bellevue, Colo., has begun work on a $5 million expansion. A new 32,000-square-foot Noosa production facility is going up in this small town just north of Fort Collins — right on the land of the family-run Morningfresh Dairy which provides milk for the yogurt.
This is the second expansion in less than three years. Back in October of 2012, the company completed a 25,000-square-foot expansion of its yogurt production space, but now that the word is out about its tangy, Aussie-inspired yogurts, Noosa simply can’t keep up with demand.
Wade Groetsch, Noosa’s COO, says Noosa is America’s fastest-growing yogurt brand. It’s distributed now in all 50 states as well as Puerto Rico. And while the company keeps its sales sheet proprietary, Groetsch told a reporter from the Northern Colorado Business Report that Noosa sales grew 260 percent from 2011 to 2012 and 130 percent from 2012 to 2013. In the last 18 months, the company has grown from 18 to 68 full-time employees.
"Noosa has experienced tremendous growth as a result of their team's commitment to making quality and flavorful yoghurt," Paul Watkins, vice president and senior business relationship manager at Wells Fargo, which provided the loan for the expansion, told NCBR. "Wells Fargo has been fortunate to help them along their growth path by providing a line of credit, various equipment loans and now a real estate loan."
The company hopes to have the expansion completed this spring… probably just in time to start planning for another one.