Foodservice DECODED
Previous edition: 17 May 2024
Share article
Get the full version straight to your inbox.
Exclusive access to our best-in-class data & intelligence
Subscribe now
CAVA opens new food packaging and production facility in Virginia, US
Mediterranean fast-casual restaurant brand CAVA has opened a new food production and packaging facility in Verona in the US state of Virginia.
The 55,000ft² facility entailed an initial investment of $35m.
It will manufacture CAVA's signature dips and spreads including tzatziki, harissa and Crazy Feta, as well as select dressings.
The Verona facility can produce 100,000 pounds of product daily using high-pressure processing.
Cold pasteurisation technology has been chosen for its ability to retain the flavour and nutritional value of the ingredients used in CAVA's products.
Together with an existing facility in Laurel, Maryland, the new Verona site is set to support 750 restaurants.
It will also facilitate the expansion of CAVA's consumer packaged goods business.
CAVA co-founder and CEO Brett Schulman said: “CAVA Foods Verona is part of a vertically integrated model that supports our business now and over the long term. By centrally producing our dips and spreads, we reduce complexity in our restaurants, improve costs overall and maintain the quality, consistency and integrity of our chef-crafted recipes at scale.
“We’re excited to be part of the Verona community and grateful for our ongoing partnership with Augusta County and the Commonwealth of Virginia.”
In April 2024 CAVA opened its first location in Wicker Park, in the Chicago area.
The move marked CAVA's entry into the upper Midwest US market.
The 3,100ft² Wicker Park restaurant includes a 30-seat dining room.
CAVA Wicker Park is part of the brand's growing portfolio, which now includes 325 restaurants across 25 states and the District of Columbia.
In June 2023, the company raised $318m through its initial public offering (IPO) on the New York Stock Exchange.
The company sold more than 14 million shares at $22 each, after initially marketing them between $19 and $20.
The IPO valued CAVA at $2.5bn, exceeding earlier valuations based on a price range of $17 to $19 per share.
CAVA has ambitious plans to open 1,000 restaurants up to 2033.
Latest news
El Pollo Loco stuffed quesadillas offer new seasonal flavours
The relaunch includes the Chicken Poblano Stuffed Quesadilla and Shredded Beef Stuffed Quesadilla.
Del Taco relaunches Shredded Beef Birria and Nacho Cheese for summer
The Shredded Beef Birria offerings are prepared by braising the meat for several hours with traditional spices and chili peppers.
Dickey's Barbecue Pit opens new location in Baton Rouge
The Dallas-based, family-operated barbecue franchise, Dickey's Barbecue restaurants, is known for its eight varieties of slow-smoked meats and 12 wholesome sides.
RBI concludes $1bn acquisition of Carrols Restaurant Group
The company will invest $500m to refurbish more than 600 Carrols restaurants.
Lukumades opens first US store in Florida
Australia-based coffee and Greek doughnut concept Lukumades has entered the US market with an outlet in Jacksonville Beach City, Florida.
Canada's Moxies unveils new summer menu with eight new items
Canadian restaurant chain Moxies has launched its 2024 Summer Feature Menu, introducing eight new items available until 14 September 2024: five beverages and three dishes.
McDonald's unveils $5 meal promo amid inflation woes
Multinational fast food chain McDonald's is set to introduce a $5 meal promotion across its US restaurants to regain customer traffic and address concerns over menu affordability.
In our previous edition
Foodservice Decoded
Mason's Famous Lobster Rolls to open new location in Milan, Italy
16 May 2024
Foodservice Decoded
Playa Bowls signs franchise agreements for 63 new outlets in US
15 May 2024
Foodservice Decoded
McDonald's launches Grimace Shake in Canada
14 May 2024
Newsletters in other sectors
Aerospace, Defence & Security
Automotive
Travel and Tourism
Search companies, themes, reports, as well as actionable data & insights spanning 22 global industries
Access more premium companies when you subscribe to Explorer