Dean Foods takes majority stake in Good Karma Foods
Good Karma's plant-based alternatives allow Dean Foods to reach consumers looking for alternatives to conventional dairy.
Dean Foods Co., Dallas, Texas, announced plans to increase its ownership percentage and take a majority stake in Good Karma Foods, Boulder, Colo.
"Good Karma is a fast-growing brand that gets us back into the growing plant-based food and beverage category, making it an excellent addition to our portfolio," says Ralph Scozzafava, chief executive officer of Dean Foods. "Our investment in Good Karma is just one example of how we are executing against one of the major pillars of our strategic plan—to build and buy strong brands."