Sector News

GreenSpace Brands sells Rolling Meadow Dairy to Canadian firm

February 1, 2019
Food & Drink

GreenSpace Brands has offloaded its Rolling Meadow Dairy brand to a subsidiary of Canadian company Agrifoods International Cooperative.

The CAD 1.8 million ($1.4 million) acquisition will see Organic Meadow take control of Rolling Meadow, with the exception of its egg business.

Toronto-based Rolling Meadow Dairy sells products such as milk, yogurt, sour cream, butter and kefir.

Agrifoods said the deal further cements its position in the Canadian dairy industry, complementing its Organic Meadow, Meadowfresh and Happy Planet brands.

“GreenSpace has done a wonderful job in pioneering and building the grass-fed dairy market in Canada through their Rolling Meadow brand, and we’re very excited to continue to expand the breadth and reach of Rolling Meadow products across Canada,” said Maheb Nathoo, CEO of Agrifoods International Cooperative.

“Agrifoods’ subsidiary, Organic Meadow, was one of the early pioneers in the organic dairy market and now with the acquisition of Rolling Meadow, we have a tremendous opportunity to grow our market leading positions in organic and grass-fed dairy by offering consumers more options for authentic, farmer-owned Canadian dairy products.”

Matthew von Teichman, CEO of GreenSpace Brands, said: “We’re thrilled to be selling the Rolling Meadow brand to Agrifoods and the Organic Meadow team. Organic Meadow has been a fantastic partner in the success of Rolling Meadow since inception. As our primary co-packer of Rolling Meadow products, and coupled with their deep understanding of the dairy market in Canada, we expect the Organic Meadow team to be able to take what we started with Canada’s first and largest grass-fed dairy brand, and bring it to a new level for the benefit of Canadian dairy consumers.”

Source: FoodBev

comments closed

Related News

September 25, 2022

Coca-Cola names new president of global ventures

Food & Drink

The Coca-Cola Co. has promoted Evguenia (Jeny) Stoichkova to president of global ventures, effective Jan. 1, 2023. Ms. Stoichkova joined Coca-Cola Bulgaria in 2004 and was most recently the president of the company’s Eurasia & Middle East division, a role she has held since 2021.

September 25, 2022

Perfect Day allies with Onego Bio to speed-up launch of animal-free eggs

Food & Drink

US-based Perfect Day, is partnering with Onego Bio, which specializes in creating animal-free eggs, aiming to accelerate the timeline to bring the eggs to the market. The business, with the use of its technology, plans to commercialize animal-free ovalbumin, the most abundant egg white protein extracted through precision fermentation.

September 25, 2022

EU fails on food waste: Report reveals bloc discards more than it imports

Food & Drink

Food waste costs the EU €143 billion per year (US$141.7 billion), with a report by Feedback EU raising the alarm of how it’s vital to reduce waste from farm to fork 50% by 2030 and the only way this will be achieved is by enforcing a mandatory directive forcing the food industry to do better and retailers to pay a tax of food waste.