Brazil’s Grano Alimentos buys another plant-based startup

Brazilian frozen foods company purchases a second plant-based alt-meat company.

Making its second such acquisition in less than a year, Brazilian frozen vegetable company Grano Alimentos is buying plant-based snacks and foods startup Gerônimo.

Grano, a supplier of frozen food brands to retailers and foodservice outlets across Brazil, did not disclose the value of the transaction announced earlier this week.

Founded in 2015, Sao Paulo-based Gerônimo makes falafel,…