Meat company buys vegan brand for $120M

 
1029

(Note from Erin: Well, this is kind of unusual…Field Roast has been bought by a meat company. Check out the story from our friends at Veg News below.)

RELATED STORY:

Canada’s Maple Leaf Foods makes its second acquisition of a meatless brand, this time for $120 million.

“Canadian meat company Maple Leaf Foods announced this week its acquisition of Seattle-based vegan brand Field Roast for $120 million. Field Roast—which reported sales of $38 million—is known for its grain-based meats and Chao dairy-free cheese slices. “The acquisition of Field Roast complements and expands our portfolio in the fast-growing North American market for alternative proteins,” Maple Leaf CEO Michael McCain said. “It also aligns with our vision to be a leader in sustainable protein and create shared value through making a positive social impact. Field Roast has built brand leadership through focusing on quality, craftsmanship, and taste, and its acquisition will allow Maple Leaf to fuel growth in the category through investment, brand building and innovation.” This is the second vegan acquisition for the meat giant as it acquired plant-based meat brand Lightlife for $140 million in February. “One thing is for certain,” Field Roast CEO David Lee said in a statment. “We are as committed as ever to the vegan movement, keeping our products vegan, and creating a more beautiful and peaceful world to live in.”

RELATED STORY:








Follow US

Erin Elizabeth

ABOUT THE FOUNDER OF HEALTH NUT NEWS

Erin Elizabeth is a long time activist with a passion for the healing arts, working in that arena for a quarter century. Her site HealthNutNews.com is barely 4 years old, but cracked the top 20 Natural Health sites worldwide. She is an author, public speaker, and has recently done some TV and film programs for some of her original work which have attracted international media coverage. Erin was the recipient for the Doctors Who Rock "Truth in Journalism award for 2017. You can get Erin’s free e-book here and also watch a short documentary on how she overcame vaccine injuries, Lyme disease, significant weight gain, and more. Follow Erin on FacebookTwitter, and Instagram.

P.S. You can subscribe to her Youtube Channel for breaking news, television appearances and more.
Follow US

Disclaimer: This article is not intended to provide medical advice, diagnosis or treatment.

SHARE