Plant&Co Brands has acquired Canadian plant-based butcher YamChops in a share purchase agreement, as it looks to support the brand’s entry into new markets.
YamChops specialises in the development, preparation and distribution of over 17 proprietary plant-based meats and various other vegan style food products to both businesses and consumers. With a retail location in Toronto, the company also works with food delivery platforms such as Uber Eats, Skip the Dishes and Ritual One.
Its Toronto plant-based butcher shop features a counter with a glass case that displays vegan burgers, sausages, ribs and bacon, as well as vegetarian versions of chicken teriyaki and tuna salad made from chickpeas. In addition, YamChops offers foods condiments such as chutneys, pickled vegetables and sauces.
Established in 2008, YamChops has featured on TV programme Dragons Den and is considered one of North America’s first and Canada’s only plant-based butcher shop.
By utilising existing distribution networks and B2B relationships, Plant&Co aims to rapidly grow and expand YamChops to new and emerging markets, not only in Canada but to US markets.
“The acquisition of YamChops was part of the company’s M&A strategy to instantly arrive at the point of in-market sales of a known, trusted and established plant-based brand. This acquisition is truly transformational in adding to our growing portfolio of plant-based products and companies,” said Shawn Moniz, CEO of Plant&Co Brands.
He added: “We have a great opportunity to leverage the recent growth in popularity of these healthy meat and dairy product alternatives and expand our newly acquired business across North America and beyond.”
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© FoodBev Media Ltd 2020
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