Thursday, February 28, 2013

SJF Ventures Invests in NC-based Aseptia

CED Partner and Member SJF Ventures announced today it has invested in Triangle-based Aseptia, a state-of-the-art aseptic food processing technology company.

"We have made another investment in an NC company," said David Kirkpatrick of SJF Ventures, "with HQ in Raleigh, large operations in Troy, and technology out of NCSU."

Kirkpatrick went on to say that Aseptia is "scaling very rapidly."

SJF participated in Aseptia’s $6 million Series C financing, which also includes angel investors and management.

The company produces a wide range of premium food products including fruit sauces, tomato products, vegetables, soups and beverages.

The financing is being used to expand the company’s manufacturing capacity to meet customer demand.

Aseptia’s novel and patented technology enables the production of shelf-stable food products that maintain the flavors and nutrients of fresh food without the use of preservatives or refrigeration.

“Aseptia is committed to transforming the food industry by providing shelf-stable products that maintain the flavors and nutrients of fresh foods without preservatives,” said J. Michael Drozd, president and CEO of Aseptia in a statement.

Aseptia opened its Troy, NC-based food manufacturing facility in August 2012 under the name Wright Foods, a wholly owned subsidiary of Aseptia.

“Aseptia is the cutting edge of sustainable food processing,” said David Griest, Director at SJF Ventures in a statement. “Their technology has the potential to replace most every canned product with the equivalent of fresh foods and in a superior packaging form. Aseptia has achieved commercial scale production, allowing major food companies to both improve existing products and launch entirely new categories.”

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