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Buderim Group Rebrands As Health And Plant-Based Protein Company

November 13, 2020: 12:00 AM EST
The Australian company, which sold its ginger business to the Queensland-based Himstedt family in August, is looking to raise as much as $6.2 million to fund its updated business plan as a health and plant protein company, anchored by its macadamia business. The goal is to be a vertically integrated macadamia production, processing, and brand, focused on the U.S. market. It has 2.6 percent of the world macadamia nut production and 35.5 percent in the U.S. It has two brands: heritage brand MacFarms for snacks and confectionery; and Royal Hawaiian Orchards which has FDA approval for the Heart Healthy Claim and tapping into the healthy snack market. The funds will be used for capital expenditure, marketing, NPD and working capital.
Kim Berry, "Buderim Group $6.2m capital raise", Food & Drink Business, November 13, 2020, © Yaffa Media (Yaffa) i
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