The Sustainable Nutrition Group to buy The Australian Superfood Company

Australian plant-based health and wellness company The Sustainable Nutrition Group (TSN) has agreed to acquire The Australian Superfood Company for AUD 3 million (approx. $2.1 million).

Australian Superfood is a producer of Australian foods, ingredients and beverages, as well as nutraceutical and cosmetic products. According to TSN, the acquisition will provide it with further scale in the fast-growing ingredients market with new branded products and geographies, “including accessing existing export markets of South Korea and the USA”.

TSN managing director, Neale Joseph, said: “The acquisition is another significant milestone in the delivery of our stated strategy of generating shareholder value through the production and sale of plant-based, sustainable and traceable ingredients and products”.

He continued: “Since its formation in 2015, The Australian Superfood Company has built long-term relationships across a network of local growers and indigenous communities. Specifically, the company has a number of projects in place designed to support and develop the indigenous communities with which it operates.”

The deal is expected to close on 28 January 2022.