PlantPlus Foods Acquires Sol Cuisine Ltd.
January 20, 2022
PlantPlus Foods, a joint venture backed by ADM and Marfrig, has completed the acquisition of Canadian plant-based food maker Sol Cuisine Ltd., expanding its portfolio and production footprint across the Americas. The deal brings Sol Cuisine’s branded and private-label plant-based protein products into PlantPlus’s vertically integrated platform to support expanded commercialization and distribution in North America.
- Buyers
- PlantPlus Foods, LLC (joint venture of ADM and Marfrig), ADM, Marfrig
- Targets
- Sol Cuisine Ltd.
- Sellers
- BDC Capital Inc., Export Development Canada, New Acres Capital Ag Food Limited Partnership (managed by Kirchner Asset Management), Investeco Sustainable Food Fund, L.P. (managed by Investeco Capital Corp.), Planted Power Inc., Adam Kozak, John Flanagan, Michael Fata
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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