Tindle Foods, the Singapore-based meat-free supplier, is to move into dairy-free beverages.
The company, which sells its alt-meat products in ten countries, is launching an oat milk in the US. Tindle Foods is showcasing the Barista Oat Milk at the Expo West trade show in California next week.
In a statement, the business said “further details” on the “roll-out” of the product “will be available in late 2024”.
So far, it has secured listings for its faux-meat products at retail chains including Giant Eagle and Price Chopper.
The US is one of Tindle Foods’ three principal overseas markets alongside Germany and the UK.
In March last year, Tindle Foods added to its portfolio with the acquisition of UK alt-dairy start-up Mwah!
Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Company Profile – free
sample
Your download email will arrive shortly
We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form
By GlobalData
The group has raised $120m since it was set up four years ago as Next Gen Foods. The business changed its name to align with its flagship Tindle brand earlier this year.
Last June, Tindle Foods sold a stake to German media group ProSiebenSat.1. The exact terms were not disclosed but the transaction – described at the time as a “media-for-equity deal” – was, the company said, “valued at eight figures” in euros.
In December, executive chairman Timo Recker was again named Tindle Foods’ CEO after fellow co-founder Andre Menezes stepped down.
Recker, the Singapore-based company’s executive chairman, had been CEO from its inception in July 2020 to May 2021, when Menezes, who had been COO, became chief executive.
Menezes will remain a shareholder but said in a post on LinkedIn he was taking “some well-deserved personal time”.
Before setting up the then Next Gen Foods, Recker was the founder and CEO of another plant-based meat company, LikeMeat. That business was sold to meat-free group The Livekindly Collective in 2019.
