Real Good Foods ‘optimizing supply chain’


CHERRY HILL, NJ. —  The Real Good Food Co. has added two new members to its team and is closing its facility in City of Industry, Calif., as part of its plan to optimize its supply chain.

The company said a large portion of the California facility’s production will transition to its gluten-free Bolingbrook, Ill., facility, which opened in April 2022.

The company said the closing will help improve capacity utilization, reduce fixed overhead costs, enhance margins, and streamline its supply chain.

The low-carb, high-protein frozen and refrigerated foods brand has named Tim Zimmer as its chief executive officer and Mark Dietz as its senior vice president of operations.

Zimmer succeeds Gerard Law, who has been CEO since October 2020.

Before joining the company, Zimmer was most recently chief marketing officer at Smithfield Foods. He previously was vice president of marketing for Sara Lee Foods and previously director and senior brand manager for Pinnacle Foods Corp. He also has held positions at Kraft Foods and Nestle.

As senior vice president of operations, Dietz will help streamline the company’s supply chain and improve efficiencies, according to the company.

Dietz was most recently vice president of business management at Smithfield Foods. He previously was vice president of marketing and business management at John Morrell and Co. and previously senior director of marketing for Sara Lee Foods.

“We are pleased to announce the appointment of Tim Zimmer as chief executive officer, as his experience aligns with the slate of strategic actions we announced today,” said Bryan Freeman, executive chairman at Real Good Foods. “These are aimed at significantly accelerating the path to profitability and are a testament to our commitment to fellow shareholders.

“Our growth remains strong, with total consumption of our branded products increasing 53% year-over-year in the two months ended Feb. 29, 2024. On the liquidity front, after taking into account our latest refinancing, the company has significantly reduced its cash debt service. Ultimately, we expect these changes will enable us to generate free cash flow and self-fund our future growth.”



Source link

2 thoughts on “Real Good Foods ‘optimizing supply chain’

Leave a Reply

Your email address will not be published. Required fields are marked *