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 All-You-Can-Eat Ice Cream Fest Offers Vegan Scoops

Three-day festival Scooper Bowl in Bryant Park will treat guests to ice cream of every variety, including dairy-free scoops from Van Leeuwen, Ben & Jerry's, and Häagen-Dazs.
Read More »

Animal Ag Companies Fined $29M for Destroying Amazon

The government of Brazil slapped a hefty fine on feed suppliers to meat and dairy companies that sell to McDonald's, Burger King, and Walmart for destroying the country's biodiverse Cerrado region for profit.
Read More »

Moby Retires from Touring to Focus on Activism

…and to make vegan smoothies every morning after waking up in his own bed.
Read More »

UK Version of Beyond Burger Expands Across London

British vegan brand Moving Mountains expands its B12 burger to five locations of meat-centric chain Dirty Bones—where it will be served topped with vegan mac and cheese.
Read More »

Legendary Canadian Rugby Player Starts Vegan Cheese Brand

Nick Blevins' vegan lifestyle improved his performance on the field so much that he established a plant-based cheese and yogurt company to educate others on the benefits of plants.
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 »