Business
Portfolio Company Update: Foods United
Portfolio Company Update: Foods United.
About this update from Agronomics Limited
[{"type":"text","content":"\n \n \n RNS Number : 0111G\n Agronomics Limited\n 13 March 2020\n \n \n \n \n 13 March 2020\n \n \n \n \n \n Agronomics Limited\n \n \n \n \n \n \n (\"Agronomics\" or the \"Company\")\n \n \n \n \n \n \n Portfolio Company Foods United Announces Rebranding as the LIVEKINDLY co., Raises US$ 200 Million to Invest in Plant-Based Chicken Substitutes \n \n \n \n \n \n The Board at Agronomics is pleased to confirm that Foods United, a major holding, has completed its US$ 200 million financing and rebranded as the LIVEKINDLY co \"LIVEKINDLY\". LIVEKINDLY is building its portfolio of brands that offer plant-based chicken alternatives, including The Fry Family Food Co and LikeMeat. As a result of this fundraise, the Company's expects its equity interest in LIVEKINDLY co. to be 1.5%.\n \n \n \n \n \n The complete announcement is set out below without material changes or adjustments. \n \n \n \n \n \n \n New York, NY // MARCH 11, 2020\n \n -The LIVEKINDLY co. is leading a movement to build a sustainable future, today, fueled by a $200-million founders' funding round led by founders, entrepreneurs, and global leaders. Establishing a collective of heritage and start-up brands, the company is on track to become one of the world's largest plant-based food companies.\n \n \n Brands under the LIVEKINDLY co. portfolio offer consumers non-GMO, plant-based chicken alternatives and include: The Fry Family Food Co. and LikeMeat, as well as the fastest-growing plant-based digital media platform, LIVEKINDLY Media-from which the new company name derives and means embracing a sustainable and compassionate lifestyle. With these investments and an equity stake in PURIS Holding, a vertically integrated player of non-GMO, plant-based ingredients, the LIVEKINDLY co. is the only company in the plant-based food sector to own and operate the entire value chain of production.\n \n \n The LIVEKINDLY co. is committed to transforming the global food system by partnering with forward-looking poultry production companies seeking to embrace and contribute to plant-based options. Products offer consumers recognizable natural ingredients made with environmentally friendly meat alternatives that mimic the taste and texture of chicken.\n \n \n Plant-based food products are becoming increasingly popular as consumer demand for ...