Above Food Strengthens Food Technology Platform with Brotalia Acquisition

Above Food, a Canadian specialist in regenerative ingredients, has announced the acquisition of European plant-based food and technology company Brotalia.

Brotalia, founded in 2017, is a subsidiary of the Spanish Grupo Empresarial Enhol. The company’s food technology group aims to revolutionize ingredient and food production by producing and marketing healthy, tasty and sustainable food on a large scale.

Brotalia, a specialist in 3D bioprinting and dry fermentation technology, produces a range of plant-based meat alternatives under the Foody’s brand name. The fermentation process transforms ingredients and their by-products into high-quality end products while increasing nutrient density.

Above Food provides nutritious food to businesses and consumers with a focus on regenerative agriculture, traceability and sustainability. Its products and brands are available in grocery stores in Canada, the U.S. and Europe. Above’s plant protein chain is enabled by scaled operations and infrastructure in primary agriculture and processing.

Lionel Kambeitz, founder, CEO, president and executive chairman of Above Food, commented: “Brotalia’s pioneering work in using breakthrough technologies to improve the production of diverse food aligns perfectly with our commitment to creating a more sustainable and efficient food ecosystem worldwide.”

He added: “Furthermore, this acquisition strengthens our food technology capabilities, acting as an incubator for the introduction of new food technology solutions that support our broader business.”

Above Food entered into a definitive business combination agreement with special purpose acquisition company Bite in April 2023. Shareholders of Bite and Above Food have approved the closing of the combination, and Above Food will now operate as a publicly traded company, with its existing shares and warrants trading on Nasdaq beginning this month (July 2024).

Top image: © Foody’s/Brotalia

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