Lantmännen invests in milk-alternatives company Sproud
Summary
The financial terms of the deal have not been disclosed.Founded in 2018, Sproud produces a variety of plant-based milks using split yellow peas as the primary ingredient.In a statement, Fredrik Krook, the MD of Lantm\xe4nnen subsidiary Lantm\xe4nnen Biorefineries, said: We have great interest in plant-based proteins, not least considering our current efforts in Lidk\xf6ping.In September, Lantm\xe4nnen set out plans to build a new plant-based protein facility in the Swedish town of Lidk\xf6ping.The factory, set to be operational by mid-2027, is to primarily focus on producing proteins from peas, with faba beans also serving as a key raw material.Krook added: This investment [in Sproud] is an important step in strengthening our presence and knowledge in the entire pea protein value chain.Sproud CEO Sara Berger told Just Drinks Lantm\xe4nnen had taken part in a SKr21.6m ($2.2m) round that included majority shareholder Findeln Holding and VGC Partners. She said: The goal for 2025 is to further build on this growth trajectory and we are right on track so far.The companys products are available in more than 30 countries.Berger added: The largest market for Sproud is the UK. We have seen strong development in our foodservice partnerships, new caf\xe9 collaborations, and impressive growth across online platforms, supported by an increasingly loyal fan base. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.