Above Food's Recent Montana-Based Asset Acquisition Expands Access to High-Growth Pet Food Market and Strengthens Chickpea Market Presence
Above Food Ingredients Inc. (ABVE)
Company Research
Source: GlobeNewswire
Acquisition creates substantial commercial synergies with Above Food's Saskatoon-based Ingredient Center, providing for additional opportunities to improve utilization and expand marginsExpands asset base with two additional ingredient processing and storage facilities in MontanaStrengthens Above Food's position in high-growth markets such as the US$26 billion plant-based pet food market, which accounted for approximately 40% (US$65M) of the acquired assets’ fiscal 2023 revenueEnhances leadership in the US$15 billion global chickpea market, capitalizing on growing demand for plant-based proteins, to include that of the pet food market REGINA, Saskatchewan, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Above Food Ingredients Inc. (Nasdaq: ABVE, ABVEW) (“Above Food” or the “Company”), an innovative food company leveraging its vertically integrated supply chain to deliver differentiated ingredients and consumer products, today announced its plans to expand its market share across high-growth sect
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News
- Above Food Strengthens its Pet Food Ingredient Platform with Recent Montana-Based Asset AcquisitionGlobeNewswire
- Above Food Ingredients’ subsidiary, Discovery Seed Labs, in Collaboration with BASF Canada, Develops Solution for Testing Disease Resistance in LentilsGlobeNewswire
- Above Food to Participate in the 44th Annual Canaccord Genuity Growth ConferenceGlobeNewswire
- Above Food Announces Strategic Acquisition of The Redwood Group, LLC’s Specialty Crop Food Ingredients Division, Representing Significant U.S. ExpansionGlobeNewswire
- Above Food Provides Business UpdateGlobeNewswire