Savencia Fromage & Dairy, a leading global milk processor, the second-largest cheese manufacturing group in France, and the fifth-largest worldwide, has acquired Colorado-based Hope, a leading U.S. brand of hummus and other plant-based dips. The acquisition includes the Hope Foods’ plant in Louisville, Colo., where its hummus and nut dips are manufactured.
Hope Foods was founded in Boulder, Colo., over 10 years ago. Today, Hope Hummus is the #1 organic hummus in the United States. Hope Foods uses state-of-the-art technology to retain freshness, peak flavor, and nutritional benefits. The Hope Foods manufacturing facility has the ability to produce a wide range of plant-based products. Both parties expressed confidence that the Hope brand has the power to extend into additional categories.
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“Our core business remains cheese and dairy products, but we want to develop new offers in the plant-based category with taste differentiation and premium brands. Hope is a strategic fit for us to drive growth in premium natural food products,” says Savencia Fromage & Dairy Chief Executive Officer Jean-Paul Torris. “Hope enlarges our brands portfolio in the U.S.A. into fast-growing, ‘better-for-you’ products and provides an excellent opportunity to expand consumer options for great tasting, plant-based products.”
“Hope has always stood for much more than just great-tasting products, it is a mission-driven brand,” adds one of Hope’s founders, Robbie Rech. “We’re thrilled to be partnering this great brand with a company like Savencia, known throughout the world for some of the best-tasting products on the market. We believe this partnership represents a terrific opportunity to realize Hope’s potential for leadership within the plant-based products space.”