Above Food Corp., a plant-based food and ingredients supplier in Canada, has acquired local peer Northern Quinoa Production.
NorQuin as it is known, fits into Above Food’s ingredients portfolio and its consumer-facing subsidiary Above Food Brands, offering plant alternatives to meat, dairy, bakery and baby food.
Backed by plant-based investor Eat & Beyond, previously Eat Beyond Global Holdings, Above Food said NorQuin “will add a scaled portfolio of speciality ingredients capabilities and customers, alongside a growing CPG business to the Above Food platform”. Financial terms were not disclosed.
Above Food Corp.’s existing brands include Eat Up, featuring whole grains, plant-based meatballs and mince, pizza dough balls, oat cheeses and baby food. It also acquired Culcherd in 2021, supplying dairy-free cheeses and butter, and drinks maker Only Oats.
Lionel Kambeitz, the CEO of Above Food Corp., said in a statement: “The team at NorQuin has built a truly remarkable platform. Adding them to our scaled, vertically-integrated platform will enable significant opportunities for growth and margin expansion across each of our core competencies.”
Set up in 1992, Saskatchewan-based NorQuin supplies the retail channel with products including packaged quinoa and flours. It also sells B2B customers ingredients such as quinoa seeds and flours, flakes and bran.
Above Food added it “plans to integrate NorQuin’s class-leading genetic capabilities and grower programmes … providing significant scale to NorQuin’s existing grower infrastructure, while applying the team’s expertise in genetics and plant-breeding to a broader base of proteins”.