Quick recap: A little more than two years ago, Pinnacle Foods acquired Gardein, and Monde Nissin acquired Quorn. Four months ago, Tyson Foods blew everyone's minds by buying a 5-percent stake in Beyond Meat. Today, Canada's leading packaged meat producer acquired Lightlife in a $140 million deal. And so the plant-protein revolution continues!
This signal of change was also spotted by Geraldine Gilbert:
by Monica Watrous MISSISSAUGA, ONT. - Maple Leaf Foods has signed a definitive agreement to acquire plant-based protein brand Lightlife Foods, Inc. from Brynwood Partners VI L.P. for $140 million and related costs. The transaction is expected to close in March, subject to customary U.S. regulatory review.