Modern Meat Increases Vegan Portfolio
By Marian Zboraj, Progressive Grocer
Known as a plant-based meat manufacturer, Modern Meat Inc. is strengthening its line of healthy artisan vegan products by completing the acquisition of Kitskitchen Health Foods Inc. Kitskitchen is a plant-based soup company with a portfolio of gourmet products that are available in many online and Canadian grocers across British Columbia and Alberta, including Nesters Market and Whole Foods Market stores.
Modern Meat initially revealed its plans for the Kitskitchen acquisition last month.
"In a very short period of time, the Modern Meat team has made tremendous progress in growing and shaping its plant-based products portfolio through several strategic industry acquisitions," said Tara Haddad, founder and CEO of Vancouver, British Columbia-based Modern Meat. "We are thrilled to finalize the acquisition of Kitskitchen and are confident that we will profitably expand this brand across Canada and internationally in the coming years. The combination of these two emerging companies will create a diversified vegan food company with a multichannel sales and distribution network positioned for long-term sustainable growth."
Since its beginning...
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