M&A Deal Summary

Eat Beyond Acquires Banana Wave

On November 19, 2021, Eat Beyond acquired beverage company Banana Wave

Acquisition Highlights
  • This is Eat Beyond’s 1st transaction in the Beverages sector.
  • This is Eat Beyond’s 2nd transaction in the United States.
  • This is Eat Beyond’s 1st transaction in Florida.

M&A Deal Summary
Date 2021-11-19
Target Banana Wave
Sector Beverages
Buyer(s) Eat Beyond
Deal Type Add-on Acquisition

Target

Banana Wave

Boca Raton, Florida, United States
Banana Wave's beverages are made from fiber-rich oats and real bananas. They are available in five different flavors: original, unsweetened original, mango, chocolate, and strawberry. All varieties are gluten-free, soy-free, and non-GMO with 90 calories or fewer, and contain vitamin b, potassium, fiber, and protein. Banana Wave was founded in 2018 and is based in Boca Raton, Florida.

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Buyer(S) 1

Buyer

Eat Beyond

Vancouver, British Columbia, Canada
Category Company
Founded 2019
Sector Financial Services
Revenue 1M CAD (2021)
DESCRIPTION

Eat Beyond is an investment issuer that makes it easy to invest in the future of food. Eat Beyond identifies and makes equity investments in global companies that are developing and commercializing innovative food tech as well as plant-based and alternative food products. Led by a team of food industry experts, Eat Beyond is the first issuer of its kind in Canada, providing retail investors with the unique opportunity to participate in the growth of a broad cross-section of opportunities in the alternative food sector, and access companies that are leading the charge toward a smarter, more secure food supply. Eat Beyond was founded in 2019 and is based in Vancouver, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Ex-Tech

Richmond, Illinois, United States

Ex-Tech manufactures high-quality, rigid plastic sheets. The company was stated mission is to create pathways to a greener future through the production of environmentally responsible materials. Founded in 1982, Ex-Tech has steadily grown to be a market leader in cost-effective customized plastic solutions for businesses.

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