The Livekindly Collective (LKC), a US plant-based brands consolidator, has completed its first domestic deal by acquiring frozen products business Alpha Foods for an undisclosed sum. This acquisition strengthens LKC’s presence in the US market and expands its distribution network, as Alpha Foods is currently available at 11,000 retail locations, including major retailers such as Kroger, Whole Foods, and Safeway. Additionally, Alpha Foods supplies its plant-based products to foodservice, the military, colleges, and universities.
Alpha Foods offers a range of ready-to-eat frozen breakfast items, as well as plant-based burritos, nuggets, and meatballs. As part of the acquisition, Alpha Foods plans to relaunch its product portfolio and integrate high-moisture extrusion (HME) technology into its production process.
David Knopf, CEO of LKC, expressed confidence in the US market’s potential and stated that the acquisition of Alpha’s assets will significantly increase the presence of innovative and delicious plant-based products under the Alpha brand. Cole Orobetz, CEO and co-founder of Alpha Foods, also shared excitement about joining LKC’s collective of plant-based brands and expanding their US business.
LKC has a portfolio of brands that were acquired through strategic acquisitions, including Fry’s, Oumph!, LikeMeat, No Meat, and the Dutch Weed Burger. With over 200,000 distribution points across more than 40 countries, LKC has established itself as a major player in the global plant-based food industry.
Supported by investors such as Blue Horizon Ventures, Germany’s PHW Gruppe, and South Africa’s RCL Foods, LKC has a strong foundation for growth. Although the plant-based food industry has experienced some setbacks this year, LKC remains optimistic about the market’s potential, considering plant-based meat as a $1.5 trillion “addressable market.”
