Ralph Scozzafava—CEO of Dean Foods Co., the largest dairy company in the United States—revealed last week that the company is considering increasing its investment in plant-based brand Good Karma Foods, which creates flax-based milk and yogurt products. “It’s a really, really cool brand, and it’s growing,” Scozzafava told Bloomberg. “It grew pretty dramatically last year.” In 2017, Dean Foods invested a minority stake in Good Karma for an undisclosed amount in an effort to diversify its plant-based portfolio, according to Scozzafava. In its third fiscal quarter for 2017, the dairy company reported a 91-percent decrease in profits, and hit a six-year low in stock-share values last month. To mitigate its losses, Dean Foods will end contracts with a number of its animal-based milk suppliers on May 31.
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