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Unilever partners with fermented protein provider to bulk up plant-based alternatives


Dive Brief:
Unilever will partner with European food tech company Enough to supply ingredients for new plant-based products. Enough uses fermentation technology to produce Abunda, a versatile and high-quality mycoprotein.
Enough is a business-to-business ingredient provider that uses renewable feedstocks to grow its protein. As a company, Enough has plans to double in size next year, and will be opening a mycoprotein factory that will start out producing about 11,000 tons of protein annually, Vegconomist reported. Within a decade, the new factory is projected to produce more than 1 million tons of mycoprotein a year.
This partnership is Unilever s latest development as it works toward the goal of selling 1 billion euros ($1.2 billion) worth of plant-based meat and dairy alternatives in the next five to seven years. Unilever, which estimated last year that a third of its food and beverage portfolio was plant-based products, has previously partnered with algae protein c ....

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Kodiak Cakes purchased by private equity firm L Catterton


Dive Brief:
Pancake maker Kodiak Cakes is being acquired by private equity firm L Catterton for an undisclosed amount, the companies said in a statement. 
Kodiak has expanded into waffle mixes, frozen waffles, oatmeal, baking mixes and a variety of snacking products. Its better-for-you offerings are currently sold in 26,000 retail locations, including Target, Walmart and Costco.
The sale comes as the pandemic has increased consumer demand for healthier products. At the same time, people are spending more time at home making food, with breakfast among the biggest beneficiaries.
Dive Insight:
Kodiak began when eight-year-old Joel Clark began selling his family s hand-milled flapjack mix door to door from a little red wagon. Today, the fast-growing Kodiak s revenue has increased more than 50 times since 2013 when the brand appeared on the television program Shark Tank. ....

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