Soft drinks maker raises £1m for ambitious expansion plans
Soft drinks company Cawston Press has raised £1m in an equity fundraising round to support continued expansion at home and overseas.
The total has been reached through existing shareholders, members of the Cawston Press team from the UK, Australia and USA as well as a select number of private investors in the food and drink industry.
Steve Kearns, managing director of Cawston Press, commented: “Our team is made up of people who want to make better quality soft drinks the norm not the niche.
“When we initially considered undertaking a full external fundraising round, we quickly realised that there was sufficient appetite from within our own ‘Cawston Crowd’ of founder shareholders, the management team and close industry contacts to raise the necessary money ourselves. We are delighted that many of the wider team have chosen to participate and now become shareholders in the business.”
The fundraising comes at a critical moment for the brand, following the recent introduction of our no added sugar sparkling range recipes in the UK and a continued push for international distribution.
In 2017 the brand first launched into the US natural and speciality food channels and is now supporting this market with a bigger local team and key retailer trade marketing programmes. Later this summer, Cawston Press sparkling drinks will also launch in France.