USA: Dean Foods acquires majority stake in Good Karma

Dean Foods, the US consumer goods firm, has announced the acquisition of a majority stake in Good Karma, a leading brand of flaxseed-based products.

The company took a minority stake in the dairy alternative producer last year.

Based in Boulder, CO, USA, Good Karma produces a range of plain, flavoured and nutritionally-enhanced flaxseed milk alternatives, as well as dairy-free yoghurts and yoghurt drinks. The firm’s product range is said to “deliver strong nutritional benefits and have a surprisingly neutral flavor and creamy texture”.

Commenting on the deal, Dean Foods CEO Ralph Scozzafava said: “Good Karma is a fast-growing brand that gets us back into the growing plant-based food and beverage category, making it an excellent addition to our portfolio. Our investment in Good Karma is just one example of how we are executing against one of the major pillars of our strategic plan, to build and buy strong brands”.

Source: Dean Foods