Toronto-based Maple Leaf Foods has acquired US meat alternative producer Maple Leaf's Grain Meat for $120m. The deal is part of Field Roast campaign to be the world's most sustainable protein producer. Maple Leaf's has reported annual sales of approximately $38m from its vegan meats and cheeses. The acquisition follows Field Roast $140m purchase of plant-based protein manufacturer Lightlife Foods earlier this year.
Toronto-based Maple Leaf Foods has acquired US meat alternative producer Field Roast Grain Meat for $120m. The deal is part of Maple Leaf's campaign to be the world's most sustainable protein producer. Field Roast has reported annual sales of approximately $38m from its vegan meats and cheeses. The acquisition follows Maple Leaf's $140m purchase of plant-based protein manufacturer Lightlife Foods earlier this year.