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Maple Leaf Foods espouses vegan values with US$120m acquisition

Major Toronto-based meat company Maple Leaf Foods has again signaled its intention to step outside of its traditional space and strengthen its alternative protein portfolio by buying Field Roast Grain Meat Co.

Maple Leaf Foods has signed a definitive agreement to acquire the Seattle-headquartered firm which crafts vegetarian meat from grains, expanding its platform in the high growth alternative proteins market.

This comes after another deal in February when Maple Leaf Foods acquired veggie company Lightlife Foods for US$140 million, plus related costs.

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