Waynesboro-based Blue Ridge Bucha has a brand new boss in a deal that would improve the kombucha firm’s presence in Richmond.
Richmond enterprise capitalist Hank Heyming, a co-founder and managing director of Trolley Enterprise Companions, purchased Blue Ridge for an undisclosed quantity, the corporate introduced final week.
Based in 2010, Blue Ridge sells kombucha in additional than 200 places in Virginia, North Carolina, D.C., Maryland, New Jersey, Pennsylvania, Ohio, Kentucky and West Virginia. It has a manufacturing facility and taproom in Waynesboro.
With Heyming on the helm, the corporate is predicted to remain put in Waynesboro. Nonetheless, with growth plans within the works, Heyming estimated the corporate’s desired manufacturing would exceed its present capability by late subsequent yr. He needs to face up a second manufacturing facility, and Richmond might be going to be that facility’s house.
“Since I reside in Richmond, Richmond looks as if a logical place for a second plant,” he mentioned. “However I feel we’ll at all times hold that presence there (in Waynesboro).”
Heyming is a fan of kombucha and was already conscious of the model when he heard rumblings that the house owners have been seeking to promote.
He mentioned the corporate’s established regional presence within the mid-Atlantic made it look like wager and one thing that has potential to develop.
Heyming wish to see the corporate increase its footprint to new markets and roll out a line of alcoholic kombucha drinks.
“My objective is to take it from a $1 million in gross sales firm to a $10 million in gross sales firm,” he mentioned.
Heyming is each proprietor and CEO of Blue Ridge. He’ll proceed to function a managing director at Trolley Enterprise. Heyming has additionally served as a companion at legislation agency Troutman Sanders and earlier than that was the proprietor of Richmond-based house furnishings enterprise These 4 Partitions.
Blue Ridge was based by Kate and Ethan Zuckerman.
“We’re so grateful to our workforce, clients, retailers and group companions for his or her help of our entrepreneurial journey, and we look ahead to watching the corporate take its subsequent steps,” Ethan Zuckerman mentioned within the announcement of the possession change.