Feb 21 Canadian meat processor Maple Leaf Foods
Inc said on Tuesday it would buy U.S.-based Lightlife
Foods Inc for $140 million and related costs.
Lightlife Foods, a manufacturer of plant-based protein
foods, reported 2016 sales of about $40 million and has a 38
percent market share in the U.S. refrigerated plant proteins
market, the company said.
Based on current operating results, the acquisition is
expected to add to Maple Leaf's earnings in 2017, Maple Leaf
(Reporting by Rishika Sadam in Bengaluru; Editing by Sriraj