The startup distributes its products through foodservice industry, restaurants, grocery stores and e-commerce
ST. LOUIS — St. Louis-based Hungry Planet, a startup that makes plant-based meats, has snagged an investment from one of the region's largest publicly traded companies.
Hungry Planet said Monday that consumer packaged goods holding company Post Holdings Inc. (NYSE: POST) has provided it with an investment as part of a strategic partnership inked between the two St. Louis firms. Financial terms of the investment and partnership were not disclosed.
Launched by co-founders and siblings Todd and Jody Boyman, Hungry Planet has developed plant-based meat products covering nine different protein types. The startup distributes its products through foodservice industry, restaurants, grocery stores and e-commerce.
Through its new partnership with Post, Hungry Planet will work with Post's foodservice and retail units to bolster distribution as the two companies aim to capitalize on the booming plant-based foods market. Hungry Planet CEO Todd Boymansaid the partnership will help his …