Premium Peanut Secures $3.9M Funding to Expand Operations and Innovate in the Peanut Industry

Premium Peanut, a leader in peanut shelling and a proud grower-owned enterprise, is thrilled to announce that it has successfully raised $3.9 million in funding. Headquartered in Douglas, Georgia, Premium Peanut stands as the world's largest peanut shelling facility, catering to manufacturers across the globe with high-quality peanuts sourced primarily from local Georgia and South Carolina farmers. This latest investment will play a crucial role in the company’s ongoing initiatives, particularly the construction of a new specialty shelling facility in Santee, South Carolina, anticipated to begin operations by late 2023. With an unwavering commitment to operational excellence and innovation, Premium Peanut aims to enhance product quality and value through this expansion. The funding will be allocated to state-of-the-art equipment and technologies, bolstering the company’s mission to produce raw shelled peanuts for the edible market, along with peanut seed and peanut oil, while maintaining the highest food safety ratings. Since its inception in 2014, Premium Peanut has returned over $54 million in dividends to its grower-owners, reflecting its dedication to maximizing the value of each peanut. The company also prides itself on being an engaged corporate partner within its rural communities, emphasizing a commitment to not only agricultural excellence but also social responsibility. As Premium Peanut embarks on this exciting chapter, it remains focused on fostering strong relationships and delivering unparalleled quality to its customers and stakeholders alike.