Above Food to acquire quinoa supplier NorQuin
By Food in Canada StaffBusiness Operations Plant-based foods Above Food Editor pick NorQuin Saskatchewan
Above Food Corp. will be acquiring Northern Quinoa Production Corp. (NorQuin), a vertically integrated producer of quinoa. As one of North America’s largest suppliers of quinoa, the acquisition will add a scaled portfolio of specialty ingredients capabilities and customers alongside a growing CPG business to the Above Food platform.
NorQuin has invested more than two decades of research to develop proprietary, higher yield, higher protein, non-GMO varietals of quinoa. Above Food plans to integrate NorQuin’s genetic capabilities and grower programs into its disruptive agriculture business, providing significant scale to NorQuin’s existing grower infrastructure, while applying the team’s expertise in genetics and plant-breeding to a broader base of proteins.
“The team at NorQuin has built a truly remarkable platform,” noted Lionel Kambeitz, CEO of Above Food. “Adding them to our scaled, vertically integrated platform will enable significant opportunities for growth and margin expansion across each of our core competencies: disruptive agriculture, specialty ingredients and high growth CPG.”
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