The plant-based milk craze is even sweeping up the biggest U.S. dairy producer.
Dean Foods Co.’s Chief Executive Officer Ralph Scozzafava said the company is debating whether to become a majority shareholder in Good Karma Foods, which makes milk and yogurt from flaxseed. The dairy company first announced a minority stake in Boulder, Colorado-based Good Karma in May 2017, without sharing the dollar value.
“It’s a really, really cool brand, and it’s growing — it grew pretty dramatically last year,” Scozzafava said in a telephone interview Tuesday. “Over the next few months, we’ll make that decision” about whether to increase the stake, he said.
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