Above Food Acquires The Redwood Group's Specialty Crop Food Ingredient Division For $34M
Portfolio Pulse from Benzinga Newsdesk
Above Food has acquired The Redwood Group's Specialty Crop Food Ingredient Division for $34 million. This acquisition adds a profitable operator with $164 million in revenue for FY 2023, expanding Above Food's U.S. footprint and enhancing its 'Seed-to-Fork' value chain.
August 09, 2024 | 12:31 pm
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Above Food's acquisition of The Redwood Group's Specialty Crop Food Ingredient Division for $34 million is expected to significantly enhance its revenue and U.S. market presence.
The acquisition adds a profitable operator with $164 million in revenue, which will likely boost Above Food's financial performance and market presence in the U.S. This strategic move enhances their 'Seed-to-Fork' value chain, making the company more competitive.
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