Canadian plant-based company Above Food has announced the acquisition of two plant-based brands Only Oats and Culcherd.
Only Oats is a premium certified gluten-free whole oat company sourcing, developing, manufacturing, and marketing oat-based ingredients and oat-based consumer products, while Clucherd is a 100% certified organic, vegan dairy alternative company.
The acquisition, according to the company’s press release, has been done to meet the increasing demand of consumers for oat-based products in plant-based dairy and plant-based meat.
Above Food Brands president and co-founder, Martin Williams said: “Oats are winning the plant-based dairy battle, so having a platform that has custody over the entire supply chain for the finest oats globally, makes tremendous sense for us”.
“We’ve followed both Only Oats and Culcherd over the last year and have admired how they have both built incredible, differentiated platforms,” said Lionel Kambeitz, executive chairman and CEO of Above Food. “At the core, both companies pride themselves on supplying quality foods and ingredients that are nutritious, traceable, and sustainable, which marries everything that we believe in as a brand in order to provide consumers with the foods they want”.
Source: Above Food