Discussing the latest food and beverage industry trends, US-based plant-based investor Ahimsa Companies is actively engaging with various brands to expand its portfolio.
Established in the US, Ahimsa Companies is a group of investors dedicated to supporting and enhancing plant-based food businesses within the country. The group recently made headlines with their acquisition of Wicked Kitchen, a prominent brand offering plant-based convenience foods and meals across the US and UK.
CEO and investor Matt Tullman revealed that Ahimsa Companies is currently in talks with approximately six to seven US-based brands, with plans to finalize deals by the end of the year. These brands are known for their exceptional products and have the potential to navigate through the current market challenges.
Amidst a temporary slowdown in demand for plant-based products, especially in meat alternatives, in key markets like the US and UK, companies are facing significant pressures leading to business closures and distressed asset transactions.
Tullman emphasized Ahimsa Companies’ commitment to supporting top-tier businesses within the plant-based sector during these trying times, stating, “When there is a period of contraction, we’ve got to step up and help these companies survive and thrive.” He emphasized the importance of backing changemakers who are driving towards a more sustainable and socially just food system.
Aside from brand acquisitions, Ahimsa Companies has also secured a manufacturing facility in Ohio dedicated to producing plant-based products for private-label clients, including the production for Wicked Kitchen.
