Lactuca Holdings Acquires Vertical Farming Company Kalera

Key Takeaways

1. Lactuca Holdings, LLC has acquired the assets of Kalera, a US-based vertical farming company, for an undisclosed amount.
2. Private equity investment manager Sandton Capital Partners financially back the acquisition.
3. Kalera’s unique growing methods and facilities in Atlanta, Denver, and Houston are part of the acquisition deal.
4. The acquisition aims to support Kalera’s growth, customer relationships, and scaling-up activities.
5. Kalera will continue to operate under its premium brand, and the existing team will remain in place.

In a significant move that could reshape the landscape of agriculture technology, Lactuca Holdings, LLC has acquired the assets of Kalera, a US-based vertical farming company. Sandton Capital Partners, a private equity investment manager, provide the financial backing for this acquisition. The terms of the deal remain undisclosed.

About Kalera

Kalera is a technology-driven vertical farming company that utilizes unique growing methods to produce pesticide-free, non-GMO vegetables with high nutritional value and an extended shelf life. The company combines optimized nutrients and light recipes, precise environmental controls, and clean room standards to achieve consistent high-quality produce year-round.

Facilities and Impact

Kalera operates indoor farming facilities in Atlanta, Denver, and Houston, which have been included in the acquisition. These facilities play a crucial role in providing access to fresh produce for a growing population grappling with challenges such as climate change, reduction of fertile farmland, and soil erosion. Kalera’s consistent product quality makes it a reliable source for its customers.

Objectives of the Acquisition

The acquisition, backed by Sandton Capital Partners, aims to provide the necessary investment to support Kalera’s growth. It will enhance the company’s relationships with existing customers and aid in scaling up activities with new retail and wholesale partners. Kalera will continue to operate under its premium brand, and the existing team will remain in position to lead the business forward.

Future Plans

Cristian Toma PhD, Co-Founder and Chief Science Officer of Kalera, stated, “The investment from Sandton is instrumental in supporting our strategy for long-term growth and fulfilling market demand. We plan to increase our production volumes and build upon our already successful high-yielding lettuce and basil programs. We also aim to expand our micro-green product portfolio and license our technology to other vertical growers, thereby bolstering the vertical agriculture industry.”

Image provided by Lactuca Holdings