GreenSpace Brands Inc., Canada, announced plans to sell its Rolling Meadow Dairy brand to Organic Meadow Limited Partnership, a subsidiary of Agrifoods International Cooperative Ltd., Canada. This sale further cements Agrifoods' place in the Canadian dairy industry, as it brings together grass-fed dairy brand with an organic dairy brand.
"We're thrilled to be selling the Rolling Meadow Dairy brand to Agrifoods and the Organic Meadow team," says Matthew von Teichman, chief executive officer of GreenSpace Brands. "Organic Meadow has been a fantastic partner in the success of Rolling Meadow since inception, as our primary co-packer of Rolling Meadow products, and coupled with their deep understanding of the dairy market in Canada, we expect the Organic Meadow team to be able to take what we started with Canada's first and largest grass-fed dairy brand and bring it to a new level for the benefit of Canadian dairy consumers."
"GreenSpace has done a wonderful job in pioneering and building the grass-fed dairy market in Canada through their Rolling Meadow Dairy brand, and we're very excited to continue to expand the breadth and reach of Rolling Meadow products across Canada," adds Maheb Nathoo, chief executive officer of Agrifoods. "Agrifoods' subsidiary, Organic Meadow, was one of the early pioneers in the organic dairy market, and now with the acquisition of Rolling Meadow, we have a tremendous opportunity to grow our market leading positions in organic and grass-fed dairy by offering consumers more options for authentic, farmer-owned, Canadian dairy products."