Maple Leaf Foods to acquire meatless brand Lightlife 22nd February 2017

Maple Leaf Foods has signed a definitive agreement to acquire plant-based protein brand Lightlife Foods, Inc. from Brynwood Partners VI L.P. for $140 million and related costs. The transaction is expected to close in March, subject to customary U.S. regulatory review.

With approximately $40 million in sales in 2016, Lightlife has 38% market share in the U.S. refrigerated plant-based protein foods category and manufactures more than 30 products, including plant-based tempeh, hot dogs, breakfast foods and burgers, at its facility in Turner Falls, Mass. The deal strengthens Maple Leaf Foods’ position in the $600 million U.S. plant-based protein market. more