Due to increased demand and sales projections, Geyser Brands’ acquisition target (Solace Management Group) moves into upgraded production facility
VANCOUVER, May 14, 2019 /CNW/ – Geyser Brands Inc. (TSXV:GYSR) (“Geyser Brands” or the “Company”) is pleased to announce that its acquisition target, Solace Management Group Inc. (“Solace“), has completed the build out of its new production and manufacturing facility located in Coquitlam, BC.
Built to Good Manufacturing Practices (GMP), the new 7500 sq. ft. facility will increase production capacity by up to 10-fold. Solace’s product portfolio is currently comprised of 23 products and 57 SKU’s of both pet and consumer healthcare goods. The new facility will also allow Solace to develop and license new products that are either ready for production or are in various stages of development.
Solace has upgraded all of its manufacturing capacity to semi or fully automate its processes. New equipment includes an industrial oven, advanced