Terrasoul Superfoods Acquired by Laird Superfood | Consumer M&A Deal

Laird Superfood has acquired Terrasoul Superfoods, a food beverage retail business in South Carolina, for $48 million. Terrasoul Superfoods makes better-for-you ingredients including nuts, powders, baking ingredients, and functional beverage mix-ins that fit Laird’s superfoods and functional nutrition focus. Laird Superfood acquisitions aim to expand its consumer product portfolio and distribution reach by adding Terrasoul’s ingredient scale and capabilities in SC. The strategic acquisition is structured as an add-on acquisition and is funded with private equity support from Nexus Capital Management, increasing Nexus’s stake in Laird to 71.7% from 53.5%.