USA: Laird Superfood to acquire Navitas

Laird Superfood, the US manufacturer of plant-based functional foods, has entered into a definitive agreement to acquire Navitas, the organic “superfood” brand, for $38.5 million in cash.

The transaction, which is expected to close in the first quarter of 2026, will be funded through a $50 million private placement of Series A Convertible Preferred Stock to affiliates of Nexus Capital Management. Navitas, founded in 2003, specializes in nutrient-dense organic products including cacao, chia seeds and goji berries. The company reported annual revenues of approximately $36.4 million for 2024.

Jason Vieth, chief executive officer of Laird Superfood, commented: “This acquisition represents a meaningful step forward in our strategy to build a scaled, diversified platform in functional nutrition. We believe that the Navitas brand and portfolio of organic superfoods is a great complement to Laird Superfood, and propels us forward in our strategic goal of building a scaled platform of healthful food and beverage brands”.

The move follows Laird Superfood’s continued efforts to expand its retail presence, having recently broadened its distribution agreement with Costco and launched new plant-based liquid creamers. Following the deal, the Laird Superfood board will be reconstituted to nine members, including five designees from Nexus Capital.

Source: Laird Superfood (via Business Wire) / Just Food