Finlays Extracts & Ingredients USA Inc. is investing $17 million to develop a new facility intended to expand production capacity and product innovation capabilities to meet the ever-increasing demand for tea and coffee ingredients and solutions. As part of Finlays’ global strategy to be the preferred partner and source of tea and coffee products for the world’s beverage and food service brands, this new facility will enable Finlays to deliver innovation for new customer opportunities and requests, and keep pace with shifting trends and consumer preferences.
The new facility, which will be located within the Quonset Business Park on Ocean State Drive in North Kingstown, Rhode Island, will start with construction of a 28,800 square foot Global Research and Development Centre and Manufacturing Plant. Future plans include an additional manufacturing facility of over 65,000 square feet. The first facility is projected to launch late 2017, followed by development of the second phase manufacturing facility, set to start in 2018. Finlays will maintain operations in its Lincoln, RI and Florham Park, NJ locations.
“We continue to strive for excellence through our commitment to delivering innovative ingredients and unique solutions. This new investment will better position us as a global strategic partner, with increased speed to market in delivering unique, high quality, customized food and beverage ingredients.” stated Steve Olyha, CEO of Finlay USA. Finlays is currently the only independent tea company that operates in all parts of the tea supply chain to create unmatched “bush to cup” and “bush to bottle” tea and coffee knowledge, quality and service. The future of Finlays as an innovative solution provider will be cemented with the introduction of this new facility, combined with its already longstanding history of technical expertise.