BrightFarms currently operates five farms in Virginia, Ohio, Pennsylvania, North Carolina, and Illinois. As part of this plan, the company intends to construct a national network of new high-tech farms that will accelerate the salad industrys transition to indoor farming. BrightFarms currently operates five farms in Virginia, Ohio, Pennsylvania, North Carolina, and Illinois. Im drowning in new food! Over the years, our enthusiasm for BrightFarms and the opportunity to transform the industry has increased tremendously, which led us to want to play a larger role in what theyre doing., Steve Platt, CEO of BrightFarms, said: BrightFarms has built the most advanced network of local indoor farms in the nation. I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the, Grain, Nut, Rice & Seed Milk Alternatives, Introducing the Just Food Excellence Awards & Rankings 2022, when it led a $100m Series E investment round in the business, Dominican Republic In-depth PEST Insights. Steve Bradley, vice president of cleantech for Cox, said the indoor farming segment has been an area of focus for its team for several years as the market exploded with investment and steadily growing consumer adoption. Being part of theCox team will allow us to scale more rapidly, transforming the salad industry for American consumers,said Steve Platt, CEO of BrightFarms. Last October, BrightFarms raised $100m in Series E funding to fuel its business. Speaking about how long it might take for leafy greens grown in indoor farms to reach a majority market share, Platt said, "I dont see any reason why in 10 years, 50% of leafy greens won't be grown indoors.". A weekly roundup of the latest news and analysis, sent every Friday. "We want to grow leafy greens that are accessible to as many people as possible," said Platt, adding that a single product of BrightFarms lettuce is comparable in price to organic lettuce grown in California, but that its products offer key advantages (i.e. How do we meet increasing food demands more efficiently and sustainably? Cox said itsacquisition of BrightFarms will help the companymeetits goal of building a multibillion-dollar clean-techbusiness by 2030. BrightFarms operates hydroponic greenhouse farms in the communities it serves, enabling it to eliminate time, distance, and costs from the food supply chain.
Share your email to be notified about upcoming events, receive leading industry news and more. Thelf facility on its own will be expanded into a 14-acre growing hub that will serve New England grocery retailers, the company added. { Exclusive industry info and insights straight to your inbox, Your go-to resource for all things grocery, Take a peek at the latest issue of the magazine.
In October 2020 when Cox led BrightFarms Series E, Steve Bradley, vice president of cleantech for the company, said, , Cox Cleantechs goal is to build meaningful businesses that solve fundamental problems facing society and our environment. Healthy snacking,
Cox Enterprises Cox Enterprises is dedicated to building a better future through our leading communications, automotive and media companies. For Cox, the deal for BrightFarms builds upon its more than $1 billion invested in sustainability and cleantech endeavors. Sustainable solutions from farm to finished product. The relationship between BrightFarms and Cox dates back to 2018, and Cox has held a majority stake inthe company since 2020. Support. ATLANTA, August 17, 2021 Cox Enterprises announced the acquisition of BrightFarms, an indoorfarming company and provider of locally grown packaged salads. - Last updated on It grows green salad vegetables and herbs and supplies retailers including Walmart and Kroger. In this special report, compiled using data and insights from CrowdStreet and Placer.ai, Winsight Grocery Business looks at five hot markets for grocery retail investment in 2022 and whos leading the pack in those regions. BrightFarms, a US vertical-farming business, has been acquired by its largest investor, Cox Enterprises, for an undisclosed sum. Cox Enterprises, the Atlanta-based companybehind cable provider Cox Communications and the Kelley Blue Book auto-research brand, announced it's acquiring Irvington, N.Y.-based BrightFarms. The company also plans to leverage its world-class production model and growing system along with its market advantage and relationships with the largest retailers in the country to provide indoor leafy greens to more than two-third of the U.S. population by 2025. These individuals are todays movers and shakers who are already setting the pace for tomorrow. Being part of the Cox team will allow us to scale more rapidly, transforming the salad industry for American consumers, said Steve Platt, CEO, BrightFarms. Bowery Farming Opens New Smart Farm in Bethlehem, Pa. BrightFarms however, with its decentralized supply chain, rapidly, increased production, entering 800 new stores and increasing sales by 25 percent. With knowledge and practice across the varied spectrum of commerce, our entrepreneurial spirit, aptitude coupled with a deep commitment to results are what sets us apart. The company has also teamed with a major meal delivery service to serve customers across the southeast United States. Based in New York, BrightFarms is a next-generation hydroponic greenhouse farming company tapping into the farm-to-table consumer movement financing, building, and operating local state-of-the-art commercially scaleable greenhouse farms in partnership with supermarkets, cities, vendors, and investors.
Green Life has a hydroponic greenhouse in Lake Worth, Fla., with its second of 13 planned locations currently under construction in Lake City, Fla. As we embark on this new chapter, the BrightFarms team extends gratitude to our founder, Paul Lightfoot, for his bold vision and to Catalyst Investors for their early and unwavering support.. All rights reserved. In October 2020 when Cox led BrightFarms Series E, Steve Bradley, vice president of cleantech for the company, said, Cox Cleantechs goal is to build meaningful businesses that solve fundamental problems facing society and our environment. contact, 17-Aug-2021 r found that 67 percent of consumers are dissatisfied with the local produce at their market. for (var i=0; i < aTags.length; i++) As we embark on this new chapter, the BrightFarms team extends gratitude to our founder, Paul Lightfoot, for his bold vision, and to Catalyst Investors for their early and unwavering support.. Our team is highly motivated, fast-learning, task and detail-oriented with a proven ability to identify, analyze, and solve problems. Founded in 1898 by Ohio Governor James M. Cox, the company is a family-owned business committed to its people, communities and planet. Cox has held a majority stake in BrightFarms since 2020. Being part of the Cox team will allow us to scale more rapidly, transforming the salad industry for American consumers., Air Quality Consulting, Assessment and Predictive Modelling, Preservative and Antioxidant Blends for Food Engineering, Milk Powder and Milk Fat for Food Processing, Global Food Industry News | Market Research and Reports - Just Food, Receive our newsletter - data, insights and analysis delivered to you. BrightFarms' growing methods, a model for the future of scalable, sustainable local farming, use far less energy, land and water than long distance, field-grown agriculture. Tick the boxes of the newsletters you would like to receive. Your roadmap to carbon neutral flour has arrived. $(document).ready(function() { Entrepreneurs to watch, Last week, US-headquartered Kalera said it had agreed a 130 million ($153 million) deal to purchase Germanys &ever; while iUNU which develops tech for use in greenhouses acquired pest management firm CropWalk. BrightFarms grows and delivers its greens to local supermarkets in as soon as 24 hours from harvest. The companys sustainable hydroponic indoor farms yield 10 times more leafy greens per acre than outdoor fields and use 80% less water, 90% less land and 95% less shipping fuel than long-distance field-grown produce. "I can very clearly see us being able to build a $1bn+ revenue business in this space. The transaction will give Green Life full ownership of Finn Farms, including all site and equipment assets. Our collective professional experience demonstrates skills that are broadly transferable. As part of its expansion plan, BrightFarms plans to construct a national network of new high-tech farms that will accelerate the salad industrys transition to indoor farming. Fruit, vegetable, nut ingredients. The transaction will give Green Life full ownership of Finn Farms, including all site and equipment assets. BrightFarms' hydroponic indoor farms yield 10 times more leafy greens per acre than growing in a field, and use 80% less water, 90% less land, and 95% less shipping fuel than long-distance field grown produce, according to the company. Sign up to receive texts from Winsight Grocery Business. For more information, please visit www.brightfarms.com. Founded in 1898 by Ohio Governor James M. Cox, the company is a familyownedbusiness committed to its people, communities and planet. BrightFarms has been acquired by Cox Enterprises, accelerating the hydroponic indoor farming company's mission of bringing leafy greens to more households throughout the US. Get one year of Greenhouse Product News in both print and digital editions for free. Sign up to our free newsletter and get the latest news sent direct to your inbox. Get news highlights delivered directly to your e-mail inbox. Forbes has recognized BrightFarms as one of the "100 Most Consumer Centric Companies" and Fast Company has recognized BrightFarms as "One of World's 50 Most Innovative Companies" and one of the "Top 10 Most Innovative Companies in Food." From identification to implementation, Play Projects is the ideal partner to plan, manage and/or execute your projects. The relationship between BrightFarms and Cox dates back to 2018, and Cox has held a majority stake in the company since 2020. | Business Advice. BrightFarms currently operates five farms in Virginia, Ohio, Pennsylvania, North Carolina, and Illinois. About BrightFarmsBrightFarms is a leading provider of locally grown packaged salads, serving the freshest, tastiest and most responsibly grown produce to consumers nationwide. BrightFarms, indoor farming, Leafy greens To learn more about Cox, visitcoxenterprises.com, view our collective impact report at coxcsrreport.com, or follow us on Twitter via@CoxEnterprises or @AlexTaylor_Cox. updating Over the next several years, BrightFarms aims to build a national network of high-tech farms that will "accelerate the salad industry's transition to indoor farming," Cox's news release stated. Cox Enterprises announced the acquisition of BrightFarms, an indoor farming company and provider of locally grown packaged salads. Markets, At this point, BrightFarms operates five farms in Virginia, Ohio, Pennsylvania, North Carolina, and Illinois, and last month acquired lf Farms an indoor grower based in Loudon, New Hampshire which BrigthFarms plans to expand into a 14-acre indoor growing hub for New England supermarkets.
As Lynn Petrak recently noted in Progressive Grocers July 2021 issue, With parallel and perhaps inevitably colliding trends of sustainability, plant-based eating, food safety and labor-saving agricultural practices, produce grown in controlled environments is likely to become much more common in grocery stores., Deal enables global conglomerate to expand its cleantech portfolio, Climate-controlled indoor farms are a new link in the food chain, BrightLabs will expand companys focus on biotechnologies, Facility puts company on track to be largest U.S. producer of indoor-grown greens, Companys year-over-year sales growth has surged by 40% in past month. Find out more here. As we embark on this new chapter, the BrightFarms team extendsgratitude to our founder, Paul Lightfoot, for his bold vision and to Catalyst Investors for their early andunwavering support.. Atlanta, Georgia-based Cox, a conglomerate with interests in sectors such as communications, media and automotive, has built up investments worth more than US$1bn focused on transformative industries. People, Trendspotter, While most salads are grown in California and shipped across the U.S., BrightFarms grows and deliversits greens to local supermarkets as soon as 24-hours from harvest for fresher, tastier and morenutritious salads. BrightFarms is a perfect example of our Cox cleantech strategy positively impacting the worldthrough profitable, mission-driven businesses, noted Steve Bradley, VP of cleantech for Atlanta-based Cox, whose relationship with BrightFarms dates back to 2018. Last month, the company acquired lf Farms, an indoor grower based in Loudon, N. H., with the aim of expanding lfs facility into a 14-acre indoor growing hub for New England supermarkets. The move solidifies BrightFarms leadership in the indoor agriculture space and provides a strong, stable foundation committed to accelerating growth with partner retailers. modern Sports nutrition is not just for high-level athletes anymore, but for a broader set of active consumers who are seeking nutrition for both physical and Sidel Group | 20-Apr-2022 At Press Play we deliver intelligent solutions that simplify the process for businesses to stay in step with the dynamically changing technology landscape.
"BrightFarms is a perfect example of our Cox Cleantech strategy positively impacting the world through profitable, mission-driven businesses," said Steve Bradley, vice president of cleantech for Cox Enterprises. And with the closure of this deal, BrightFarms will no longer need to expend energy to secure investors, nor will it pursue uncertain SPAC or IPO deals. var reg = new RegExp('\\W+', "g"); The move bolsters BrightFarms leadership in the indoor-agriculture space and provides a strong, stable foundation for accelerating growth with partner retailers, according to Cox Enterprises, which to date has invested more than $1 billion in sustainable business and technologies. Coxs BrightFarms buyout is the latest in a flurry of M&A activity in the indoor ag space. 75 Applewood Drive, Suite A Amid the growing threat of drought in the American West, the company's sustainable hydroponic indoor farms yield 10 times more leafy greens per acre than growing in a field and use 80% less water, 90% less land and 95% less shipping fuel than long-distance field grown produce. BrightFarms will play a key role in helping Cox reach its goal of building a multibillion-dollar cleantech business by 2030. The relationship between BrightFarms and Cox dates back to 2018, and Cox has held a majority stake in the company since 2020. BrightFarms is a perfect example of our Cox Cleantech strategy positively impacting the worldthrough profitable, mission-driven businesses, said Steve Bradley, vice president of cleantech for CoxEnterprises. function sanitize_gpt_value2(gptValue) To learn more about Cox, visit coxenterprises.com, view our collective impact report at coxcsrreport.com, or follow us on Twitter via @CoxEnterprises or @AlexTaylor_Cox. The relationship between BrightFarms and Cox dates back to 2018 and Cox has held a majority stake in the company since 2020 when it led a $100m Series E investment round in the business. Sparta, MI 49345. vOut = vOut.toLowerCase(); Food retail and e-commerce,
+ONE turns Insight into Advantage. Forbes hasrecognized BrightFarms as one of the 100 Most Consumer Centric Companies and Fast Company hasrecognized BrightFarms as One of Worlds 50 Most Innovative Companies and one of the Top 10Most Innovative Companies in Food. BrightFarms is a subsidiary of Cox Enterprises. The latest from Winsight Grocery Business, sent straight to your inbox. Over the years, our enthusiasm for BrightFarms and the opportunity to transform the industry has increased tremendously, which led us to want to play a larger role in what theyre doing, said Steve Bradley, vice president at Cox Enterprises, said in a news release. | Technical / White Paper.