Maple Leaf Foods has announced that its subsidiary Greenleaf Foods, a leader in plant protein products, has acquired a food processing plant in Indianapolis, USA, in order to increase production capacity for tempeh. According to Maple Leaf Foods, growing demand for Greenleaf Foods’ Lightlife tempeh products was the driving force behind the acquisition of the 118,000 sq ft plant, which will have an initial capacity of approximately 4,500 tonnes. The new facility is …
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Maple Leaf
Canadian consumer packaged meats company Maple Leaf Foods has announced the acquisition of Lightlife Foods, a US company producing of vegetarian and vegan meat substitutes, for $140 million and related costs. Lightlife manufactures over 30 products in its facility in Massachusetts including plant-based tempeh, hot dogs, breakfast food and burgers. In 2016, the company reported sales of approximately $40 million with a US market share of 38% . “The acquisition of …
Maple Leaf Foods is said to be shaking up its management structure following the sale of its 90% owned Canada Bread bakery business, which is expected to close late 2014. According to The Globe and Mail, the company has announced a new chief operating officer as well as a new chief financial officer, who will both take over after the closure. Just Food reports that the company intends to boost …
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