Aphena Continuing To Follow Growth Strategy Plan In Positive Direction

Aphena Sales and Marketing Vice President Eric Allen said discussions about new Aphena investors does not mean the company is selling, but is more so a preparation for the future.

The Cookeville Industrial Development Board discussed its agreement in regards to the hypothetical idea of selling the company Wednesday.

Allen said they continue to entertain new investors, especially when there are long-time investors looking to move on.

“So as we continue down that path to entertain new investors and new opportunities, we needed to make sure the great incentives the IDB board has given Aphena as our growth strategy are transferrable to a new entity or new ownership or something that happens if and when it does happen in the future,” Allen said.

Allen said they wanted to make sure they checked in with the Industrial Development Board that it would be acceptable as Aphena continues down its growth plans. He said they want people to understand this is not a negative “selling of the company,” but more so a preparation for the future.

Allen said they have openly communicated with all employees that Aphena is openly looking for more investors to continue growth. He said that will bring more jobs, opportunities, and potential clients to the area.

“Let’s continue the great efforts we’ve done in the county and the incentives and make sure we don’t lose anything as we go through the path because we don’t want something to catch us by a surprise,” Allen said. “There’s nothing that’s going to be happening negatively at this point we see everything positively as we continue to move forward and look for those new opportunities.”