Laird Superfood has used more funding from its private-equity backer to buy fellow US business Terrasoul Superfoods.
The deal sees Nexus Capital Management, which already owned just over 53% of Laird Superfood, take its stake in the company to almost 72%.
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Texas-based Terrasoul Foods markets products including nuts, seeds, baking ingredients and beverage mix-ins.
Laird Superfood CEO Jason Vieth described the transaction as “a significant step forward in our mission to build the premier platform in superfoods and functional nutrition”.
Just before Christmas, Laird Superfood struck a deal to buy California-based Navitas, which sells a range of organic products including acai powder, hemp seeds and powdered lattes.
The acquisition of Navitas, which was finalised last month, was funded by Nexus Capital Management buying $50m of Series A stock in Laird Superfood.
The move for Terrasoul, announced yesterday (21 April), was funded by affiliates of Nexus Capital Management acquiring another $60m worth of shares.
Nexus Capital Management will own approximately 71.7% of Laird Superfood.
Kayla Dean Obia, principal at Nexus Capital Management, said: “Terrasoul is a high-quality business operating in a large and growing category, with a differentiated supply chain model and a demonstrated ability to build consumer loyalty at scale.
“This acquisition reinforces our conviction in the functional nutrition category and represents a compelling opportunity to drive incremental value across the combined platform.”
In 2025, Terrasoul generated net sales of approximately $65.8m, Laird Superfood said.
Last year, Laird Superfood brought in net sales of $49.9m, up 15% on a year earlier.
The company booked an operating loss of $3.4m, compared to one of $2.2m in 2024.
Laird Superfood’s net loss was also higher year on year, growing from $1.8m to $3.3m. The business carried costs linked to the Navitas deal and an impairment charge on Laird Superfood’s Picky Bars brand.
