The $4 billion plant-based alternative meat market is heating up, with two recent exits.
Maple Leaf Foods in Canada bought a stake in Lightlife Foods from private equity firm Brynwood Partners for $140 million.
And Korys, a food services investor affiliated with one of Belgium’s largest supermarket chains, bought a stake in Dutch alternative meat producer Ojah for an undisclosed sum.
“Consumers are increasingly looking to diversify their protein consumption, including plant-based options,” said Maple Leaf’s Michael McCain.
Photo credit: Nathan Denette / THE CANADIAN PRESS
