good karma foods News - vegconomist: the vegan business magazine

©Good Karma

Good Karma Raises Latest Funding Round and Appoints Mike Murray as New CEO

December 23, 2022

Flax milk producer Good Karma announces it has named Mike Murray as its new Chief Executive Officer as the company raises its latest round of funding. According to Good Karma, Murray brings over 25 years of experience in consumer products, most recently as the leader of Teton Waters Ranch, a beef producer. Murray also previously held senior roles at free2b Foods, So Delicious Dairy Free, WhiteWave Foods Co. and Larabar. At Good Karma, he will help the company pursue strategic distribution growth in new and existing channels, increase brand awareness and targeted household penetration, and introduce new product lines across dayparts. “Compelling opportunity” “I am looking forward to leveraging my experience and passion for galvanizing food system change to help the team bring Good Karma’s …

Market & Trends

Vegan Flax Milk Company Good Karma Foods Regains Ownership from Dairy Giant Dean Foods

August 27, 2020

Good Karma Foods, Boulder Colorado-based producer of milk and yogurt from flaxseed, has re-bought its ownership after dairy giant Dean Foods filed for bankruptcy. The move comes after an undisclosed investment from the early-stage food fund Valor Siren Ventures, along with their existing investors.

Food & Beverage

Dean Foods: A New Focus on Plant-Based Milk Alternatives

September 6, 2018August 21, 2018

As demand for traditional dairy products continues to decline, plant-based alternatives are becoming increasingly popular. This has also had an impact on the US dairy company Dean Foods in the form of a drop in profits. In order to counteract its losses and simultaneously realign itself, the company now wants to concentrate largely on marketing plant-based milk product brands such as Good Karma. Last year, the dairy industry recorded a fall in profits of around 91 percent in the third quarter, not least as a result of falling consumer demand for conventional dairy products. As a result, contracts were terminated for many milk suppliers, and more investment was announced in the field of plant-based alternatives. “We want to get back into the plant-based business,” said …

Organisations and brands:

Dean Foods

Silk

Company News

Dean Foods Invests in Vegan Dairy Brand

July 18, 2018

After some initial speculation, it is now official – America’s second-largest dairy company, Dean Foods, has acquired a majority stake in the vegan brand Good Karma. This is in response to the growing demand for plant-based milk alternatives in the food industry.

Organisations and brands:

Danone

Dean Foods

WhiteWave Foods

General

Dean Foods become Majority Shareholders of Good Karma

July 9, 2018

Dean Foods, one of the leading manufacturers of dairy products, announced on 2^nd July that it has taken a majority stake in flax-based drink producers Good Karma Foods. Dean Foods had previously acquired a minority share in May last year and had hinted that this announcement could be pending. This diversification into plant-based milk producers by the Dallas firm provides more promising news about the future of vegan milk alternatives in the mainstream market.

Organisations and brands:

Dean Foods

Food & Beverage

America’s Largest Milk Producer Wants to Switch to Vegan Milk Alternatives

July 1, 2018May 14, 2018

More and more conventional milk producers are turning their attention to the production of plant-based milk alternatives. This is partly due to the abolition of subsidies for milk production, which used to be common in the industry. Dean Foods Co – America’s largest producer of dairy products – is now also looking at this new market opportunity.

The vegconomist-newsletterinformation for decision-makers

The vegconomist-newsletter
information for decision-makers