The Rising Influence of Rising Affluence

[DewDiligence]

BYND inks production deal to supply Europe:

https://finance.yahoo.com/news/beyond-meat-enters-partnership-zandbergen-115812393.html

Beyond Meat…announced today that it has expanded its partnership with Zandbergen World’s Finest Meat to produce the brand’s innovative plant-based meats at a new manufacturing facility being constructed by Zandbergen in Zoeterwoude, the Netherlands.

Upon completion of the facility, which is expected in the first quarter of 2020, the manufacturing partnership will mark Beyond Meat’s first production capability outside the United States. Localized production is expected to reduce the brand’s transportation footprint, while increasing the speed in which Beyond Meat can get products to customers across Europe.

Financial terms were not disclosed.