PBN 2021 Fastest Growing Companies Awards
$75 million and above: 2. Blount Fine Foods Corp.
CEO (or equivalent): Todd Blount, CEO and president
2020 Revenue: $465.3 million
2018 Revenue: $360.8 million
Revenue growth: 29%
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By Emilio DiSpirito IV License Partner | Private Office Advisor Engel & Völkers Oceanside www.DiSpiritoteam.com…
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After grocery retailers nationwide scaled back on hot deli items in response to the COVID-19 pandemic, Blount Fine Foods Corp. noticed an uptick in demand for cold, ready-to-heat soups.
“We reduced our hot to-go [soup] and increased cold soup because retailers wanted anything they could put on the shelves,” said Todd Blount, CEO and president.
Soup sales, and the Fall River-based company, continued to grow. Blount’s annual revenue increased 29% over a three-year period, from $360.8 million in 2018 to $465.3 million in 2020.
The numbers keep climbing partly because Blount is a leader in the trend of grocery retailers’ use of store perimeters to display ready-to-eat items, Todd Blount says.
Growth has continued in 2021, with Blount’s Panera Bread-branded refrigerated soup selling well, and upcoming partnerships with online food marketplaces HelloFresh and Goldbelly expected.
More soup varieties are also in the works.
