80 Acres Farms® is expanding its footprint with the acquisition of three indoor vertical farms and related IP previously owned by Kalera, Inc. The farms are strategically located in Georgia, Texas, and Colorado.
As the demand for fresh, local, pesticide-free produce continues to grow, 80 Acres Farms is leveraging more than a decade of industry learnings by acquiring and revitalizing existing vertical farming facilities. The company is turning these assets into productive farms through its Infinite Acres® technology, operational expertise, and commercial relationships.
"National retailers and foodservice distributors are seeking partners that can consistently supply high-quality product through a national network of local farms," said Mike Zelkind, CEO and co-founder of 80 Acres Farms. "At the same time, there has been significant capital invested in the controlled-environment agriculture sector over the last 10 years, creating an infrastructure of underutilized assets across the country. We are building a national network in a capital-efficient manner by combining our technology and operating strengths to revitalize these facilities."
The farms are strategically located in Georgia, Texas, and Colorado.
This acquisition relies on 80 Acres Farms' ability to retrofit existing farms with Infinite Acres' platform technology. Infinite Acres technology has been developed through collaboration with partners such as Siemens, Signify, SICK, and TTA-ISO.
"As with our acquisitions of Mother Raw salad dressing and Plantae Biosciences, this acquisition reinforces us as a consolidator in the industry," said Tisha Livingston, co-founder of 80 Acres Farms and CEO of Infinite Acres.
The newly acquired farms will extend the company's network of large-scale commercial facilities beyond Ohio and Kentucky. The company grows greens (including spinach), microgreens, tomatoes, and herbs, and has recently expanded its Kentucky farm, which opened in 2023, nearly doubling its capacity. The two companies have complementary commercial relationships with retailers and food distributors that will strengthen 80 Acres Farms' go-to-market capability. Before the acquisition, the company served more than 1,500 retail locations, mostly in the Midwest. The company also owns and operates centers of excellence including R&D facilities in Arkansas, advanced systems and design field lab in the Netherlands, and advanced plant genetics facilities in Israel.
"I could not be more pleased to have found the perfect fit for Kalera in 80 Acres Farms," said Kalera CEO Jim Leighton. "I am extremely impressed with Mike, Tisha, and their entire leadership team. They not only have the technical knowledge to successfully operate vertical farms, but they also have extensive food and produce experience. That, in my opinion, is necessary to be successful in operating a vertical farming company or any food business."
For more information:
80 Acres Farms
Tel: +1 (888) 574-1569
[email protected]
https://www.80acresfarms.com/