Above Food Strengthens its Pet Food Ingredient Platform with Recent Montana-Based Asset Acquisition
Above Food Ingredients Inc. (ABVE)
Company Research
Source: GlobeNewswire
Acquisition expands Above Food's pet food business to approximately US$110M of combined company revenues on a proforma basis Strengthens customer base, further bolstering Above Food’s current roster of global leading pet food manufacturing customers Positions Above Food to capitalize on the US$26 billion global plant-based pet food market, projected to grow at a 9% compound annual growth rate (“CAGR”) through 2032 REGINA, Saskatchewan, Aug. 22, 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 additional details related to its expanded pet food ingredients business in connection with its recent acquisition of the specialty crop food ingredient division (the “Assets”) of Montana-based The Redwood Group, LLC (“TRG”). This strategic acquisition significantly enhances A
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- Above Food Ingredients’ subsidiary, Discovery Seed Labs, in Collaboration with BASF Canada, Develops Solution for Testing Disease Resistance in LentilsGlobeNewswire
- Above Food's Recent Montana-Based Asset Acquisition Expands Access to High-Growth Pet Food Market and Strengthens Chickpea Market PresenceGlobeNewswire