Big news from the plant-based world as dairy giant Dean Foods makes a major investment in Good Karma and its growing flax milk and dairy alternatives business.
Dean Foods, one of the largest dairy companies in the U.S., has increasingly looked to diversify its portfolio beyond cow’s milk products and position itself further into the natural food space. In 2016, the company announced a joint venture with Organic Valley Dairy to distribute its products and in 2017 the company acquired Uncle Matt’s Organic, an organic juice brand.
“Diversification to higher-growth, on-trend products is a key focus for Dean Foods,” Scozzafava said in a statement. “Our investment in Good Karma is just one example of how we are executing against one of the major pillars of our strategic plan to build and buy strong brands.”