Welcome to our dedicated page for Above Food Ingredients news (Ticker: ABVEW), a resource for investors and traders seeking the latest updates and insights on Above Food Ingredients stock.
Above Food Ingredients Inc. (Nasdaq: ABVE, ABVEW) is a plant protein–focused ingredient company in the packaged foods industry, emphasizing regenerative ingredients, traceability, and a seed-to-fork model. The news and updates related to Above Food often highlight developments across its vertically integrated supply chain, from seed innovation to ingredient processing and consumer products.
Recent news has featured Above Food’s expansion in the plant-based pet food ingredient market, including the acquisition of the specialty crop food ingredient division of Montana-based The Redwood Group, LLC. Articles discuss how this transaction expands the company’s pet food business, strengthens relationships with global pet food manufacturing customers, and adds processing and storage facilities in a key pulse growing region.
Coverage also includes Above Food’s activities in the chickpea and pulse crop markets, where the company reports enhanced leadership following its asset acquisition. News items describe increased processing capacity, additional silos, and rail-connected facilities that support human food and pet food end-markets reliant on plant-based proteins.
Another area of focus in Above Food’s news flow is seed testing and agricultural innovation. Through its subsidiary Discovery Seed Labs, the company has announced the development of a quantitative molecular assay, in collaboration with BASF Canada Inc., to detect Group 11 resistance in anthracnose disease affecting lentil crops. Such updates illustrate Above Food’s involvement in seed testing and disease management tools for growers.
Investors, industry participants, and observers can use the Above Food news page to follow announcements on acquisitions, facility expansions, seed testing innovations, and other developments that affect the company’s plant protein platform and presence in human and pet food ingredient markets.
Above Food Ingredients Inc. (Nasdaq: ABVE, ABVEW) has expanded its pet food business through the acquisition of Montana-based The Redwood Group's specialty crop food ingredient division. This strategic move positions Above Food to capitalize on the US$26 billion global plant-based pet food market, projected to grow at a 9% CAGR through 2032.
Key highlights:
- Expands Above Food's pet food business to approximately US$110M of combined company revenues on a proforma basis
- Strengthens customer base of global leading pet food manufacturers
- Leverages Above Food's vertically integrated seed-to-fork platform for enhanced traceability, quality control, and customization
- Positions the company to meet growing demand for high-quality, sustainable pet nutrition solutions
The acquisition aligns with industry trends such as increasing pet ownership, pet humanization, and a focus on health and nutrition in pet food.
Above Food Ingredients Inc. (Nasdaq: ABVE, ABVEW) has announced a significant breakthrough in lentil crop protection. Its subsidiary, Discovery Seed Labs, in collaboration with BASF Canada, has developed a quantitative molecular assay to detect Group 11 resistance in anthracnose disease affecting lentils. This innovation comes at a important time, as recent research indicates widespread Group 11 resistant anthracnose in Saskatchewan, with 99% of sampled fields showing some level of resistance.
The new assay can detect resistant strains in both plant and seed samples, enabling growers to make informed decisions about disease management and fungicide use. This development strengthens Above Food's position in disruptive agriculture solutions and supports its seed-to-fork platform. Growers interested in testing can contact Above Food for more information.
Above Food Ingredients Inc. (Nasdaq: ABVE) has completed the acquisition of The Redwood Group's Montana-based specialty crop food ingredient division for US$34 million plus working capital. This strategic move expands Above Food's market share in high-growth sectors, particularly the US$26 billion plant-based pet food market, which accounted for about 40% (US$65M) of the acquired assets' fiscal 2023 revenue. The acquisition also strengthens Above Food's position in the US$15 billion global chickpea market.
The deal includes two processing facilities in Montana's 'Golden Triangle,' increasing Above Food's processing capacity by 56,000 metric tons. The company expects to improve utilization rates at its Saskatoon-based Ingredient Center, potentially leading to enhanced production capacity and improved gross margins. This acquisition aligns with Above Food's 'Seed-to-Fork' approach and is expected to generate long-term value for shareholders.
FAQ
What is the current stock price of Above Food Ingredients (ABVEW)?
