Above Food Expands Pet Food Business To $110M In Revenue With Acquisition Of TRG's Specialty Crop Food Ingredient Division, Strengthening Position In $26B Global Plant-Based Pet Food Market; Vertical Integration Enables Rapid Response To Growing Demand For Sustainable Pet Nutrition
Portfolio Pulse from Benzinga Newsdesk
Above Food has expanded its pet food business to $110 million in revenue by acquiring TRG's Specialty Crop Food Ingredient Division. This acquisition strengthens its position in the $26 billion global plant-based pet food market, allowing for rapid response to the growing demand for sustainable pet nutrition through vertical integration.
August 22, 2024 | 12:48 pm
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Above Food has acquired TRG's Specialty Crop Food Ingredient Division, boosting its pet food business revenue to $110 million. This move strengthens its market position in the $26 billion plant-based pet food sector.
The acquisition directly increases Above Food's revenue and market position in the growing plant-based pet food industry, likely leading to positive investor sentiment and a short-term stock price increase.
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