CHICAGO, IL, Dec. 13, 2017 (GLOBE NEWSWIRE) -- Premium consumer packaged goods company PRE Brands has announced the closing of a financing round with Decathlon Capital Partners.
The investment will assist the fast-growing company in expanding retail distribution of its signature 100% grass-fed steaks and ground beef, as well as provide resources to meet rapidly rising customer demand.
PRE is a brand platform focused on bringing high-quality products to premium consumers and technology-driven insights to distributors and retailers. The company was built from the ground up to serve both consumers and distributors with product that is unparalleled in quality and taste and offers total transparency. To do so, PRE has reexamined every step of the journey food takes, from nature to the table.
“PRE Brands is the fastest growing brand in the category for 2016 and year-to-date 2017,” said CEO Lenny Lebovich. “Our premium, chemical-free, grass-fed beef products are rapidly becoming market leaders due to their consistent taste, high quality, and innovative patent-pending packaging that lets consumers see exactly what they’re buying when at the shelf. The financing from Decathlon will enable us to get our products into more stores and meet surging demand head-on.”
“We enjoy working with companies like PRE Brands – innovative, disruptive and growing quickly,” added Decathlon Capital’s John Borchers. “A flexible capital solution that avoids equity dilution or loss of control was exactly what PRE Brands needed, and we’re excited to be part of the company’s success going forward.”
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at www.decathloncapital.com.
About PRE Brands
PRE is a consumer products company dedicated to bringing high-quality products to market fundamentally driven by consumer insights and trends. The company’s inaugural product line features a range of 100% grass-fed steaks and ground beef currently available at more than 650 retail outlets across 25 states as well as online retailers such as AmazonFresh and Jet. Visit www.pre-brands.com for more information.