M&A Deal Summary

AgriFORCE Acquires Manna Nutritional Group - Food Production & Processing IP

On September 15, 2021, AgriFORCE acquired agriculture company Manna Nutritional Group - Food Production & Processing IP from Manna Nutritional Group

Acquisition Highlights
  • This is AgriFORCE’s 1st transaction in the Agriculture sector.
  • This is AgriFORCE’s 1st transaction in the United States.
  • This is AgriFORCE’s 1st transaction in Idaho.

M&A Deal Summary

Date 2021-09-15
Target Manna Nutritional Group - Food Production & Processing IP
Sector Agriculture
Buyer(s) AgriFORCE
Sellers(s) Manna Nutritional Group
Deal Type Divestiture

Target

Manna Nutritional Group - Food Production & Processing IP

Boise, Idaho, United States
Manna Nutritional Group's Food Production & Processing IP encompasses patent-pending technologies to naturally process and convert grain, pulses, and root vegetables, resulting in low-starch, low-sugar, high-protein, fiber-rich baking flour products, as well as a wide range of breakfast cereals, juices, natural sweeteners, and baking enhancers. Manna Nutritional Group's Food Production & Processing IP is based in Boise, Idaho.

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Buyer(S) 1

Buyer

AgriFORCE

Vancouver, British Columbia, Canada

Category Company
Founded 2017
Sector Agriculture
Employees7
DESCRIPTION

AgriFORCE is an AgTech company focused on developing and acquiring agriculture IP that changes the way plant cultivation and processing is done to provide more sustainable and better quality food, pharmaceuticals, nutraceuticals, plant-based products, and ingredients. AgriFORCE was founded in 2017 and is based in Vancouver, Canada.


DEAL STATS #
Overall 1 of 5
Sector (Agriculture) 1 of 2
Type (Divestiture) 1 of 1
State (Idaho) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Delphy

Wageningen, Netherlands

Delphy is an independent advisory and research partner for plant sectors. The company’s activities focus on consultation, research, digitisation, training and setting up innovative projects, both in the Netherlands and abroad. Delphy was founded in 2013 and is based in Wageningen, Netherlands.

Buy $29M

Seller(S) 1

SELLER

Manna Nutritional Group

Boise, Idaho, United States

Category Company
Sector Agriculture
DESCRIPTION

Manna Nutritional Group is a privately held developmental stage firm whose mission is to transform the diet and health of consumers through their unique process that naturally transforms grains, seeds, and pulses into delicious, nutritious, high-fiber, high-protein, and ultra-low-starch baking flours. The Manna team has created an opportunity for consumers to have their cake (and bread, muffins, and more) in a new, delicious, and nutritious way. Manna Nutritional Group is based in Boise, Idaho.


DEAL STATS #
Overall 1 of 1
Sector (Agriculture) 1 of 1
Type (Divestiture) 1 of 1
State (Idaho) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1