Net sales for the company were $1.13 billion for the third quarter of 2024, representing 22% of Colgate-Palmolive’s total sales.

The sustainable protein supplier hopes to achieve a capacity of 15,000 tons annually by the end of 2026. 

The company shared its third quarter and nine-month financial results. 

The company’s capacity expansions are paying off with net sales rising 28%.

Net sales for the pet food company rose 5.5% to $1.11 billion.

The investment will be used to support its WHISKAS, SHEBA and Royal Canin pet food brands, as well as its confectionery and human food operations. 

The focus of the facility will be the development of plant-based, microbial and cell-based meats, dairy, seafood and egg products.

For processors looking to scale up, finding the right construction partner is imperative.

The company reported increases in net sales, income and gross margin for the first quarter of 2024 and believes it can continue this momentum. 

The pet food division accounted for 22% of Colgate-Palmolive’s total sales in the first quarter.