News Summary
PB2 Foods has solidified its position as a leader in the powdered nut butter market, attaining a 51% share according to Nielsen data. The company reported approximately 50 million in annual sales. This milestone follows important leadership promotions and the completion of a vertical integration project at its Tifton, Georgia manufacturing facility, enhancing production capabilities and promising job creation in the local community.
Tifton, Georgia – PB2 Foods Achieves Significant Market Milestone and Leadership Changes
PB2 Foods has successfully solidified its position as a leader in the powdered nut butter market, achieving an impressive 51% share according to Nielsen data. The company has reported approximately 50 million in annual sales within this growing segment. This landmark achievement follows a series of leadership promotions and the completion of a vertical integration project at its manufacturing facility in Tifton, Georgia.
Leadership Promotions and Their Significance
As part of a strategic initiative to drive sustained growth and innovation in the industry, PB2 Foods has announced several key leadership appointments. John Monczynski has been elevated to the position of Chief Customer Officer (CCO). Having been with the company since 2017, Monczynski notably increased sales three-fold during his tenure as Vice President of Sales and Marketing.
Additionally, Steven Ramage has been appointed as the new Chief Financial Officer (CFO). Ramage, also with PB2 since 2017, successfully managed a significant $9.3 million plant expansion project in Tifton. His financial acumen is expected to play a pivotal role in the company’s continued growth.
Owen White, who has served as Director of Marketing since 2018, has been promoted to Vice President of Marketing. Under White’s direction, the company has witnessed remarkable growth, with over 600% increase in sales on Amazon alone, underscoring the effectiveness of their marketing strategies.
Vertical Integration Expands Capabilities
The completion of a vertical integration project is another critical development for PB2 Foods. The company has repurposed a 110,000-square-foot facility in Tifton to enhance its production capabilities significantly. This facility will now accommodate equipment for roasting, grinding, and pressing peanuts, which will enable PB2 to produce a variety of ingredients.
These new capabilities will include the production of peanut paste, unrefined roasted peanut oil, and defatted peanut flour. In addition to being utilized in PB2’s own product lines, these ingredients will also be supplied to other companies and industries looking for high-quality peanut-based components.
Job Creation and Community Impact
The vertical integration effort is projected to create approximately 30 new jobs in the Tifton area, further underscoring PB2’s commitment to supporting American jobs in Georgia. The company emphasizes its mission of delivering high-quality, plant-based food products while reinforcing its ties to the local community.
Background on PB2 Foods
Founded in Tifton, Georgia, PB2 Foods specializes in manufacturing powdered peanut butter, which has gained popularity among health-conscious consumers for its versatility and lower fat content compared to traditional peanut butter. As the market for plant-based food products continues to grow, PB2’s focus on innovation and high-quality ingredients positions the company favorably amidst industry competition.
The alignment of newly promoted leaders and the enhanced productivity resulting from the vertical integration project signals PB2 Foods’ intentions to further bolster its market share and maintain its leadership in the powdered nut butter sector.
Deeper Dive: News & Info About This Topic
- The Brunswick News: PB2 Foods Captures 51% Market Share
- PRWeb: PB2 Foods Strengthens Leadership Team
- Baking Business: PB2 Foods Brings Manufacturing In-House
- Google Search: PB2 Foods
- Food Manufacturing: PB2 Foods Creates Jobs
- Wikipedia: PB2 Foods
Author: STAFF HERE AUGUSTA WRITER
AUGUSTA STAFF WRITER The AUGUSTA STAFF WRITER represents the experienced team at HEREAugusta.com, your go-to source for actionable local news and information in Augusta, Richmond County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Arts in the Heart Festival, Westobou Festival, and Masters Week. Our coverage extends to key organizations like the Augusta Metro Chamber of Commerce and Greater Augusta Arts Council, plus leading businesses in manufacturing and healthcare that power the local economy such as Textron Specialized Vehicles, Cardinal Health, and Nutrien. As part of the broader HERE network, including HEREAtlanta.com and HERESavannah.com, we provide comprehensive, credible insights into Georgia's dynamic landscape.
