Monday, July 4, 2022

Above Food swoops for quinoa supplier

Above Food, a plant-based food company, is to acquire Northern Quinoa Production Corp. (NorQuin), a producer of quinoa.

As North America’s largest supplier of quinoa, the acquisition will add a scaled portfolio of specialty ingredients capabilities and customers alongside a growing CPG business to the Above Food platform.

“The team at NorQuin has built a truly remarkable platform,” noted Lionel Kambeitz, CEO of Above Food. “Adding them to our scaled, vertically integrated platform will enable significant opportunities for growth and margin expansion across each of our core competencies: Disruptive Agriculture, Specialty Ingredients and High Growth CPG.”

True to Above Food’s mission to make nutritious, plant-based ingredients easily accessible through its vertically integrated supply chain, this complete protein super ingredient, which is high in protein and fiber, will be a key staple in various parts of Above Food’s business model, playing an important role in formulating future products while also bringing together key players in the business.

In addition to the specialty ingredient portfolio, NorQuin will add a robust range of value-added quinoa products to Above Food’s CPG division, which are already sold across North America in natural, mass, and club retailers like Harris Teeter, Walmart, and Costco.

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