Target Flavors: “Poised for Growth”

Newport News, Virginia, November 26, 2025: Target Flavors (“Target” or “the Company”) is excited to share plans for expansion in 2026 and beyond. The Company is actively evaluating opportunities to add manufacturing and warehousing capacity at its Newport News, Virginia facility. In addition, substantial investments are anticipated in research and development and product innovation, creating new roles in flavor development and food & beverage applications at Target’s Virginia and Connecticut locations. Also in 2026, Target will showcase an expanded portfolio of high-performance Custom Modulation Systems – designed to make better-for-you products taste exceptional – alongside a growing range of spray-dried flavor systems.

Building on more than 40 years of success, Target Flavors has partnered with Graham Partners (“Graham”) to accelerate growth through both organic initiatives and strategic acquisitions. With deep experience in the food ingredients industry, Graham is well positioned to support Target’s vision. Target appreciates Graham’s commitment to the core values that have guided the Company since its founding, ensuring a clear and aligned approach for future growth.

This announcement follows the recent passing of Target’s founder, John MacLean, Sr., who established the Company in 1981. John passed away on September 20th, 2025, at the age of 84. His legacy continues through his three sons, Bill MacLean (President & Chief Commercial Officer), John MacLean, Jr. (Chief Operating Officer), and James MacLean (Chief Executive Officer), each of whom have over three decades of experience with the Company and will remain at the helm. “We are excited to execute the growth strategy we have been building toward for years. Our father was passionate about this vision and proud of the legacy being carried forward by his sons. I only wish that he could have personally witnessed its fulfillment”, said James MacLean.

About Target Flavors

Headquartered in Newport News, Virginia, Target Flavors is a full-service flavor house serving CPG brands and co-manufacturers across the beverage, dairy, dairy alternatives, pharmaceutical, and bakery industries. Since its founding in 1981, Target Flavors has built a reputation for delivering customized, high-quality flavor solutions through deep technical expertise and operational agility. With a focus on natural flavors, Target Flavors believes it is well-positioned to benefit from evolving consumer preferences.