Good Karma Foods repurchases majority stake from Dean Foods, secures investment

USA – American plant-based dairy alternatives producer, Good Karma Foods, has repurchased its majority ownership from recently bankrupt dairy giant, Dean Foods and secured new investment from Valor Siren Ventures (VSV). Dean Foods had made multiple investments in Good Karma since 2017, ultimately becoming a majority shareholder. However, the company filed for bankruptcy in November 2019 as it struggled with continuing declines in consumer milk consumption and private label competition. Good Karma Foods said the situation presented an opportunity for it to buyout Dean Foods interests and refocus on its ‘Inspiring Goodness’…

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Dean Foods becomes a majority shareholder in Good Karma Foods

USA – Dean Foods Company, a leading food and beverage company, announced it has increased its ownership percentage and taken a majority stake in Good Karma Foods, the leading brand of flaxseed-based milk and yogurt alternatives. Based in Boulder, Colo., Good Karma are dedicated to making plant-based, dairy alternative food and beverage products that deliver a mighty bundle of nutrition along with surprisingly good taste and texture. “Good Karma is a fast-growing brand that gets us back into the growing plant-based food and beverage category, making it an excellent addition…

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