Above Food To Acquire Norquin, Largest Vertically Integrated Supplier Of North American Quinoa
May 19, 2022•over 3 years ago
Acquiring Company
Above Food
Acquired Company
NorQuin
ReginaFood and BeverageDescription
Above Food Corp. (Above Food), a first-of-its-kind, vertically integrated, plant-based food company, is pleased to announce it will be acquiring Northern Quinoa Production Corp. (NorQuin), a vertically integrated producer of quinoa. As North America's largest supplier of quinoa, the acquisition will add a scaled portfolio of specialty ingredients capabilities and customers alongside a growing CPG business to the Above Food platform.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed