News

Plant-Based Acquisitions Quadrupled in 2017

Companies such as Nestlé, Maple Leaf Foods, and General Mills continue to diversify their portfolios with profitable plant-based brands.

According to industry outlet FoodBev Media, the number of plant-based acquisitions quadrupled in 2017. A total of 727 transactions were registered with mergers and acquisitions database bevblog.net last year—a 40-percent increase since 2012. Acquisitions of plant-based companies increased from just four in 2016 to 17 in 2017—placing the category in the top 15 sector of such transactions and putting it ahead of the bottled water category that held that spot last year. In 2017, several large corporations acquired plant-based brands in an effort to capitalize on new consumer habits. International brand Otsuka acquired vegan cheese company Daiya Foods for $325.5 million in July, while Nestlé acquired meatless brand Sweet Earth Foods for an undisclosed amount in September. Canadian meat brand Maple Leaf Foods also made two plant-based acquisitions in 2017: meat alternative LightLife Foods for $140 million in February and vegan brand Field Roast Grain Meat Company for $120 million in December.

More News

NYC Fashion Mogul to Debut Vegan Cheese Brand

Joshua Katcher—founder of vegan fashion brand Brave Gentleman—has teamed with vegan tattoo shop owner Dina DiCenso to launch artisanal vegan cheese brand RIND.
Read More »

LUSH Debuts New Vegan Bath Melt to Fight for Trans Rights

The vegan-friendly beauty brand launches a campaign to raise $450,000 to end discrimination and violence against transgender people.
Read More »

Data Shows Plant-Based Diet Would Save UK $7 Billion

A new study finds that the country could save billions on health and economic costs if 10 percent of the population adopted a plant-based diet.
Read More »

Amsterdam Fashion Brand Debuts Vegan James Dean Jacket

Cruelty-free fashion brand HoodLamb announces its spring line complete with James Dean-inspired unisex jackets.
Read More »

Investors Condemn Whole Foods for Ignoring Vegan Shift

A coalition of 57 investors who manage $2.4 trillion in assets continues to push food companies to abandon the risky practice of raising animals for food.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »