M&A Deal Summary

Ecovative Acquires Lambert

On December 15, 2022, Ecovative acquired food company Lambert

Acquisition Highlights
  • This is Ecovative’s 1st transaction in the Food sector.
  • This is Ecovative’s 1st transaction in the United States.
  • This is Ecovative’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-12-15
Target Lambert
Sector Food
Buyer(s) Ecovative
Deal Type Add-on Acquisition

Target

Lambert

Coatesville, Pennsylvania, United States
Lambert is an independent spawn manufacturer that provides many mushroom spawn manufacturing techniques. Lambert was formed in 1919 and is based in Coatesville, Pennsylvania.

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Buyer(S) 1

Buyer

Ecovative

Green Island, New York, United States
Category Company
Founded 2007
Sector Life Science
DESCRIPTION

Ecovative is a materials science company unlocking the natural potential of mycelium with modern technology. The company's mission is to create next-generation materials through mycelium fabrication and to make mycelium materials accessible to everyone. Leveraging its Mycelium Foundry, Ecovative works with partners throughout the textiles, food, and packaging industries to grow better materials for everyday needs. Ecovative was formed in 2007 and is based in Green Island, New York.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

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