What if you’re asked a question and you don’t know the answer? You’d look to solve it, right? That’s what partners are doing through one of its newest parts of the business.
The Schreiber Ventures arm of Schreiber Foods has made its latest investment: a half-million dollars went to Sojo Industries in part to provide a solution to a problem customers want solved.
“We have a lot of knowledge and talent within Schreiber, but a majority of the world is outside the company and it’s changing quickly, especially technology,” said Blair Tritt, Vice President, Corporate Ventures and Partnerships. “Schreiber Ventures assists in identifying company challenges and looks to overcome them externally through partnerships with companies like Sojo who have a solution.”
The problem identified for the Sojo solution is creating multipack and variety pack options, quickly. Our plants in the U.S. have many types of packaging options; however, not all options that customers and consumers are requesting. Additionally, new capabilities to our lines require time and complexity to our network. Sojo is a company that provides this tech forward solution, fast.
Sojo’s technology will be piloted at a Schreiber plant soon.
“A large part of Venture’s efforts are focused externally: education, awareness, external communication and networking, something historically different for Schreiber,” Blair said. “This exposure is necessary make Schreiber Ventures more public, critical when sourcing new partnership opportunities to create internal value”.
As part of those efforts, Schreiber Ventures has okayed a public media release with its latest investment with Sojo, which sends a message that Schreiber Ventures is interested in finding the right partner to help each other grow.