CHICAGO – Brazilian meatpacker JBS SA (JBSS3.SA) is closing its U.S. plant-based foods business, Planterra Foods, after about two years, the company said on Monday.
The closure signals increasing troubles in the plant-based protein sector, where U.S. sales are flattening. read more
Colorado-based Planterra sold fake meat under the Ozo brand, but JBS will now focus on its plant-based operations in Brazil and Europe, said Nikki Richardson, spokesperson for JBS USA. European and Brazilian operations “continue to gain market share and expand their respective customer bases,” she said.
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