Indianapolis plant protein facility is acquired by Maple Food Leaf
Maple Leaf Foods and its wholly-owned subsidiary of plant protein products, Greenleaf Foods, has acquired a 118,000-square-foot facility in Indianapolis, Indiana, which will increase the production of Lightlife tempeh products to meet rising consumer demand.
Despite the significant uptick in plant-based protein purchases, Maple Leaf Foods battled with a difficult year of supply chain and production disruptions brought on by the COVID-19 pandemic – which contributed to a 66.1% drop in gross profit in Q3 2020.
However, through its efforts in scaling and increasing production of in-demand plant-based protein products, Maple Leaf Foods has been able to turnaround its performance, particularly for its tempeh product line which accounted for roughly 80% of total US tempeh dollar sales and grew sales by 44% in 2020 (according to SATORI, SPINS, Total MULO + Natural Channel for the latest 52 weeks ending 10/4/20).
Following a lackluster third quarter, Maple Leaf Foods was able to significantly increase its retail footprint of Lightlife tempeh products in November 2020 and rolled out to 3,500 Walmart stores nationwide (available in the produce section). Lightlife tempeh products are now available in more than 18,500 stores including Meijer, Publix, Kroger, Whole Foods, and other major retailers.