Dallas-based Dean Foods Co. said it increased its ownership percentage and took a majority stake in Good Karma Foods, a Boulder, Colo.-headquartered brand of flaxseed-based milk and yogurt alternatives.
"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," said Ralph Scozzafava, CEO 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."
Good Karma's plant-based alternatives are free from all major allergens, deliver strong nutritional benefits and have a neutral flavor and creamy texture, Dean Foods said, which allows the company to reach consumers looking for great-tasting alternatives to conventional dairy.
"We are thrilled about our continued partnership with the Dean Foods team," said Doug Radi, CEO of Good Karma Foods. "We believe this relationship validates that Good Karma is one of the leading and fastest-growing brands to watch in the plant-based category, and we are excited about how this partnership will advance our mission of inspiring goodness by making our plant-based, non-dairy beverages and yogurts more accessible across the U.S."