Modern Meat, a manufacturer of plant-based products and sauces in Canada, has formed a co-packing agreement with Real Vision Foods in California, marking the second stage of its entry to the US market.
Publicly-listed Modern Meat, which has a portfolio encompassing meat-free burgers, meatballs and crab cakes, said Real Vision has the capacity to produce US$25m worth of its products a year from its single factory. Like Modern Meat, the company supplies the retail and foodservice channels but is also present in club stores and private label, supplying customers in the US and Canada.
Go deeper with GlobalData
The arrangement is due to commence in the first quarter for a mix of Modern Meat’s products including its burger, meatballs and sauces, as well as future new products.
Tara Haddad, the founder and CEO of Modern Meat, said in a statement today (23 November): “This marks a major milestone for our company as it has long been a goal to produce and sell our products in the US. We are incredibly excited to launch out of California with an early adopter of plant-based vegan alternatives. We feel that by moving to an established team of co-manufacturing, our company is likely to see significant growth in our revenues.”
Earlier this month, Vancouver-based Modern Meat announced it had acquired a selection of brands from US better-for-you snacks firm JDW Distributors, including Sun Popped Potato Crisps, Sunflower Chips and Sunsations Fruit Jellies.
See Also:
Joseph Ertman, the president of Real Vision, said in today’s statement: “We look to move very quickly with our partnership as it is a highly prioritised product and will hopefully be in production with Modern Meat within 90 days.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
