Food for Progress Scandinavia AB

Food for Progress Scandinavia AB is dedicated to creating innovative plant-based food solutions, focusing on enhancing the consumer experience with delicious, nutritious alternatives to meat. Founded in 2011 in Mjolby, Sweden, Food for Progress Scandinavia AB specializes in developing plant-based food products. The company underwent a significant transition when it was acquired by Live Kindly Media Inc. on June 17, 2020.

The acquisition's financial details were not disclosed. The founding team has a background in food innovation, although specific founder history is not available. As of now, the company has completed one deal. Oumph!

specializes in producing plant-based and vegan meat alternatives, offering products such as Spiced Kebab Pieces, Swedish Balls, Crispy Buffalo Tenders, and The Smash Burger. These products address the increasing consumer preference for plant-based diets, enhancing meal experiences without sacrificing flavor or texture. They are available in various markets, including the UK, through major retailers like Tesco, Asda, Morrisons, and Sainsbury’s, targeting a broad audience including health-conscious individuals and diverse dietary lifestyles. In the most recent fiscal year of 2022, Oumph!

reported a revenue of USD 0 and an EBITDA of USD -1. 2 mn. The company generates revenue chiefly through partnerships with supermarkets and direct sales, positioning its products strategically in the frozen food sections of retail outlets to ensure accessibility. Their pricing strategy accommodates both single-item and bulk purchases, catering to a wide range of customers seeking plant-based food options.

Food for Progress Scandinavia AB aims to further develop its product line and enhance market presence. The company is expected to introduce new products in the upcoming year, targeting specific markets for expansion in Europe and potentially beyond. The recent acquisition by Live Kindly Media Inc. is anticipated to support these growth initiatives, leveraging their resources to enhance product offerings and increase market reach.