Irvine-based cookie dough maker South Coast Baking Co. got a $10 million credit facility from City National Bank to upgrade its local operations and open a second facility in Springdale, Ark.
It distributes dough to Mrs. Fields, a Broomfield, Colo.-based snack franchiser, and to Sam’s Club of Bentonville, Ark., as well as other food-service companies.
South Coast, headed by Chief Executive Kent Hayden, makes more than 2 million cookies a day. The company had about $56 million in revenue last year, a 55% increase year-over-year. It said it expects to top $100 million in revenue this year.
Plans for new equipment for its OC facility include automated sugar and flour silos. The 46,000-square-foot Irvine facility employs more than 100.
The company said it will spend about $8.7 million to renovate a 104,000-square-foot facility in Arkansas to improve operational efficiency for its East Coast business. The factory will create about 150 jobs.
