Food and Beverage Business
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Spanish Plant-Based Business Brotalia Acquired by Canada’s Above Food

Spanish Plant-Based Business Brotalia Acquired by Canada’s Above Food meat alternatives, seafood alternatives, Vegetarian and Vegan Food and Beverage Business

Canada’s Above Food Corp. has recently acquired Spain’s Brotalia, also known as Foody’s, a plant-based food company specializing in alternatives to chicken, seafood, burgers, and meatballs. The acquisition, facilitated by Above Food’s Regina, Saskatchewan headquarters, underscores the company’s commitment to expanding its presence in the plant-based food sector.

Above Food Corp. did not disclose the financial details of the acquisition, which involved purchasing Brotalia from Grupo Empresarial Enhol, a Spanish business focused primarily on renewable energy. Brotalia is recognized for its advanced research in dry fermentation technologies and its use of 3D bioprinting technology in product development.

Lionel Kambeitz, the founder and CEO of Above Food, emphasized the strategic alignment between the two companies, stating, “Brotalia’s innovative approach to food production through disruptive technologies complements our goal of creating a sustainable global food ecosystem.”

This acquisition enhances Above Food’s food technology capabilities, positioning the company to develop new food-tech solutions that support its broader business objectives.

In preparation for its upcoming public listing through a special purpose acquisition company (SPAC), Above Food has been actively expanding through mergers and acquisitions. In recent years, the company completed the acquisition of seafood-alternative business Natural Atlantic Foods, owner of the Tuno brand. Additionally, Above Food acquired plant-based businesses Only Oats and Culcherd in 2021, followed by the purchase of Northern Quinoa Production (NorQuin) the following year.

Above Food Corp. boasts a portfolio of brands including Eat Up, offering a variety of plant-based products such as whole grains, meatballs, mince, pizza dough balls, oat cheeses, and baby food. Culcherd specializes in dairy-free cheeses and butter, while Only Oats focuses on beverages.

The company is poised for a Nasdaq listing this year following a business combination with SPAC company Bite Acquisition Corp. In 2023, the deal was approved by shareholders but awaits final approval. Eat Beyond Global Holdings, an equity investor in the plant-based sector based in Vancouver, previously invested in Above Food, recognizing it as a high-growth business with a focus on plant ingredients and proteins.

Overall, Above Food Corp.’s recent acquisition of Brotalia in Spain reflects its strategic expansion in the plant-based food sector and underscores its commitment to innovation and sustainability in the global food ecosystem.

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