How has the acquisition of The Redwood Group expanded Above Food Ingredients’ pet food business?
The acquisition of The Redwood Group has significantly expanded Above Food Ingredients’ pet food business. The Redwood Group is an employee-owned supply chain and ingredient company that sources, processes, and packages commodities for domestic and international customers. With this acquisition, Above Food now has access to a wide range of products, including grains, cereals, oilseeds, pulses, and other alternative sources of protein for both human and pet food companies. This expansion strengthens Above Food’s presence in the plant-based pet food market, which is experiencing rapid growth.
By acquiring The Redwood Group, Above Food is able to meet the increasing consumer demand for high-quality, plant-based pet nutrition. This strategic move allows Above Food to capitalize on emerging trends in the industry and position itself as a leading provider of plant-based pet food. The acquisition also expands Above Food’s total pet food business, increasing its combined revenues to approximately US$110M, or 25% of its total revenues on a proforma basis. Overall, the acquisition of The Redwood Group has been a significant step in expanding Above Food’s pet food business and its capabilities in the plant-based pet food market.
What are the advantages of Above Food’s seed-to-fork platform in the plant-based pet food industry?
Above Food’s seed-to-fork platform provides several advantages in the plant-based pet food industry. By controlling every step of the process, from seed selection and farming to ingredient processing and formulation, Above Food is able to offer traceability, quality control, and customization capabilities. This vertical integration allows the company to develop innovative, nutritionally balanced pet food products that meet the evolving needs of pet owners.
The seed-to-fork platform also ensures the highest standards of quality and safety in Above Food’s pet food ingredients. With full control over the supply chain, Above Food can monitor and maintain the integrity of its ingredients, providing customers with products they can trust. Additionally, the platform allows for flexibility and agility in product development, enabling Above Food to quickly adapt to changing market demands and trends. Overall, Above Food’s seed-to-fork platform gives the company a competitive edge in the plant-based pet food industry by providing a high level of control and innovation in its product offerings.
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