Dietitian-founded Remix Snacks Acquired by Co-Packer

Bean-based snack slinger Remix Snacks is entering a new chapter of growth, announcing yesterday its acquisition by AM Ingredients (2021), its co-packer of four years. Terms of the deal were not disclosed.

“After years of building this snack brand with so much heart and hustle, we’ve made the exciting decision to hand things over to a new team that shares our passion for nutritious food and sustainability,” shared Isabelle Lam, Remix Snacks co-founder and registered dietitian, in a LinkedIn post.

Founded in 2018 by then-dietetics students Lam and Jamie C.T. Lee, the Ontario-based company produces a portfolio of products crafted with upcycled ingredients, including Bean Bark chocolate and Beanies puffs. The duo sought to address the abundance of food waste in Canada and the lack of “nutritious yet indulgent” snacks at the grocery store, as reported by CareersNOW.

Bean Bark – available in Apple, Cranberry, Peach, Strawberry and Pineapple flavors – features 70% dark chocolate, upcycled fruit and black beans and has 5 grams of protein per serving. Beanies – available in Vegan Cheddar and Smoked Paprika varieties – are made with mung beans, cornmeal and upcycled carrots and contain 7 grams of protein per serving.

As of 2024, Remix Snacks has saved 15,000 lbs of locally-sourced imperfect fruits and vegetables. Additionally, the sustainability-focused brand allocates a portion of each purchase to plastic recovery projects via rePurpose Global, funding the recovery of 340kg of plastic to date.

The brand is currently available in over 400 stores across Canada, such as Whole Foods Market, Sobeys and Loblaws, among others. Consumers can also purchase the snacks on the brand’s website and Amazon.ca.

Lam will be staying on over the next year for the transition and is “confident [AM Ingredients (2021)] can bring the brand to the next level.”

In other co-packer acquisition news, Post Holdings announced today it has entered into a definitive agreement to acquire branded and private label food manufacturer 8th Avenue Food & Provisions Inc. for approximately $880 million.

The acquisition internalizes the manufacturing of Post’s Peter Pan peanut butter and represents its entry into the dry pasta category with Ronzoni.

“With this acquisition, we further our strategy of tactical private label positioning alongside leading brands. I am pleased to welcome back the approximately 1,580 8th Avenue employees who will join as Post colleagues,” said Rob Vitale, CEO of Post, in a statement.