Big Law
PlantPlus Foods Acquires Sol Cuisine For $100 Million
Multinational joint venture PlantPlus Foods, created by two food processing giants ADM and Marfrig in 2020, has officially closed the CA$125 million [approximately $100 million] deal with Canadian vegan food manufacturer Sol Cuisine — about two months after it purchased Drink Eat Well LLC., the producer of Hilary’s allergen-friendly plant-based products.
The two acquisitions together are expected to accelerate PlantPlus Foods’ ambition to gain a “strong foothold” across Americas, according to the company’s CEO John Pinto, who has over two decades of CPG executive experience working at Coca-Cola.
