Canadian plant-based food supplier, Above Food, has acquired a local quinoa products supplier Northern Quinoa Production Corp. (NorQuin).
NorQuin, is the leading quinoa producer in the world providing a broad portfolio of quinoa in a variety of formats, such as whole seeds, flour, flakes, crisps, IQF, multi-grain blends, among others.
Lionel Kambeitz, CEO of Above Food, said: “The team at NorQuin has built a truly remarkable platform. Adding them to our scaled, vertically-integrated platform will enable significant opportunities for growth and margin expansion across each of our core competencies: Disruptive Agriculture, Specialty Ingredients and High Growth CPG”.
The acquisition of NorQuin will add a wide portfolio of specialised value added quinoa products to Above Food alongside a growing business.
Financial terms were not disclosed.
Sources: Above Food (via PR NewsWire)