Major Bury St Edmunds employer Treatt announces strong revenue growth of 13 per cent amid rising inflation pressures

A major Bury St Edmunds employer has recorded a substantial year-on-year growth despite pressures of rising costs.

Treatt PLC, which manufactures and supplies a selection of natural ingredients for the beverage, flavour and fragrance industries, reported a 13 per cent growth in revenue for the year ending September 30 2022.

The company, which has taken a space at the Suffolk Park development and has other bases in the US, China and Kenya, also described sales growth across almost all product categories.

CEO Daemmon Reeve said: "It’s been a mixed year for the business, with a very encouraging sales performance across all product categories, except hard tea, and significant progress building our infrastructure for future growth.

"We announced some short-term profitability headwinds in August, particularly in hard tea, but have finished the year in line with revised guidance.

"We have learnt from the disappointments and my belief in our growth potential and determination to succeed is undimmed, driven by the teamwork and commitment to our customers that lies at the heart of Treatt’s culture.

"We remain as excited as ever about the pipeline of opportunities for Treatt, with the business now well-invested to fulfil our medium term ambitions.

"Coffee is an emerging category in its own right, for which we now have a dedicated team in place and high hopes for growth.

"In the face of macro challenges, there is a wave of positive change across the business. On the back of a resilient market in natural and healthy products, which plays to our expertise, we are looking forward to the future with optimism," he added.