The investment demonstrates the company’s commitment to plant-based foods and beverages.
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."