M&A Deal Summary

Above Food Acquires GoodWheat

On May 16, 2024, Above Food acquired food company GoodWheat from Arcadia for 4M USD

Acquisition Highlights
  • This is Above Food’s 2nd transaction in the Food sector.
  • This is Above Food’s 2nd largest (disclosed) transaction.
  • This is Above Food’s 2nd transaction in the United States.
  • This is Above Food’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-05-16
Target GoodWheat
Sector Food
Buyer(s) Above Food
Sellers(s) Arcadia
Deal Type Divestiture
Deal Value 4M USD

Target

GoodWheat

Dallas, Texas, United States
GoodWheat provides pasta, pancake mixes, single-serve Quikcakes, macaroni, and cheese.

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Buyer(S) 1

Buyer

Above Food

Regina, Saskatchewan, Canada
Category Company
Sector Food
DESCRIPTION

Above Food is a plant-based food company that celebrates delicious products made with real ingredients, real nutrition, real flavor, and real transparency. Above Food is based in Regina, Saskatchewan.

DEAL STATS #
Overall 3 of 4
Sector (Food) 2 of 3
Type (Divestiture) 1 of 2
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2024) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 NorQuin

Saskatoon, Saskatchewan, Canada

NorQuin is a technology-enabled agricultural business & a vertically integrated supplier of quinoa and quinoa derivative products that can be used in a variety of applications. NorQuin is based in Saskatoon, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-22 Redwood Group - Specialty Crop Food Ingredient Division

Montana, United States

Redwood Group's Specialty Crop Food Ingredient Division supplies high-quality grains, pulses and specialty crops to customers in the human and pet nutrition industries.

Buy $34M

Seller(S) 1

SELLER

Arcadia

Dallas, Texas, United States
Category Company
Founded 2002
Sector Agriculture
Employees21
Revenue 5M USD (2023)
DESCRIPTION

Arcadia is a consumer-driven agricultural technology company focused on enhancing the quality and nutritional value of crops and food ingredients. The company’s GoodWheat branded ingredients deliver health benefits to consumers and enable consumer packaged goods companies to differentiate their brands in the marketplace. The company’s GoodHemp seed catalog delivers genetically superior hemp seeds, transplants and extracts, bringing the benefits of modern agriculture to an emerging crop. Arcadia was founded in 2002 and is based in Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 AGRASYS

Barcelona, Spain

AGRASYS a food ingredients company dedicated to the advancement of value-added crops and food ingredients. The company has focused on the development and commercialization of Tritordeum, a novel cereal grain with agronomic and nutritional advantages vs. conventional grains. Agrasys holds exclusive commercial rights for this, maintains a Tritordeum breeding program, and collaborates with partners along the value chain to develop and market its products. AGRASYS is based in Barcelona, Spain.

Buy -
Mergr

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