CHICAGO – Brazilian meatpacker JBS SA (JBSS3.SA) is closing its U.S. plant-based foods business, Planterra Foods, after about two years, the company said on Monday.
The closure signals increasing troubles in the plant-based protein sector, where U.S. sales are flattening. read more
Colorado-based Planterra sold fake meat under the Ozo brand, but JBS will now focus on its plant-based operations in Brazil and Europe, said Nikki Richardson, spokesperson for JBS USA. European and Brazilian operations “continue to gain market share and expand their respective customer bases,” she said.
To read the rest of the story, please go to: Reuters
