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Dean Foods Increases Ownership in Good Karma to Strengthen Position in Plant-Based Foods Market
Wednesday 11 July 2018

11 July 2018 - Texas, US-based Dean Foods Company (NYSE: DF) has increased its percentage of ownership to acquire a majority stake in Colorado, US-based flaxseed-based milk and yogurt alternatives supplier Good Karma Foods, the company said.
Terms of the transaction were not disclosed.
Dean Foods said Good Karma is a fast-growing brand that gets the company back into the growing plant-based food and beverage category.
Good Karma's plant-based alternatives are free of all major allergens, deliver strong nutritional benefits and have a surprisingly neutral flavour and creamy texture, which allows Dean Foods to reach consumers looking for great-tasting alternatives to conventional dairy.
Good Karma will continue to operate as a Boulder-based independent company led by its existing leadership team. 2x Consumer Products Growth Partners continues to be a material investor and supporter of Good Karma.
Dean Foods is a food and beverage company and the largest processor and direct-to-store distributor of fresh fluid milk and other dairy and dairy case products in the United States.
The company has a joint venture with Organic Valley, distributing fresh organic products to local retailers. In all, Dean Foods has more than 50 national, regional and local dairy brands as well as private labels.
Good Karma is dedicated to making plant-based, dairy alternative food and beverage products that deliver a nutrition along with taste and texture.
Details
Date Published: 11/07/2018
Target: Good Karma Foods/additional stake
Country: USA
Sector: Food/Beverages/Tobacco
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Dean Foods Company
Comment:
Dean Foods now has controlling stake in Good Karma

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