Hello, you are using an old browser that's unsafe and no longer supported. var vOut = ""; At Press Play we deliver intelligent solutions that simplify the process for businesses to stay in step with the dynamically changing technology landscape. 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 has also teamed with a major meal delivery service to serve customers across the southeast United States. The move solidifies BrightFarms leadership in the indoor agriculture space and provides a strong, stable foundation committed to accelerating growth with partner retailers. It has a stated ambition of bringing local indoor leafy greens to more than two thirds of the US population by 2025. Through Press Play, companies have an opportunity to massage customers?? Our collective professional experience demonstrates skills that are broadly transferable. 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. Looking for best in class plant-based taste innovation? has reached an agreement to buy Finn Farms, a hydroponic grower on Floridas west coast. Headquartered in Atlanta, Georgia, Cox is a global company with nearly $20 billion in annual revenues and brands that include Autotrader, Kelley Blue Book and Cox Homelife. BrightFarms currently operates five farms in Virginia, Ohio, Pennsylvania, North Carolina, and Illinois. Things will move a lot faster," BrightFarms CEO Steve Platt told FoodNavigator-USA. However, another survey conducted by Blue Yonder found that 67 percent of consumers are dissatisfied with the local produce at their market. A smoother path to wellness product success, ROHA launches FUTURALS Stratus Blue; sourced from the Huito fruit bringing to your food plate various shades of blue. Sign up to our free newsletter and get the latest news sent direct to your inbox.

BrightFarms is a perfect example of our Cox cleantech strategy positively impacting the world, through profitable, mission-driven businesses, noted Steve Bradley, VP of cleantech for Atlanta-based, BrightFarms has built the most advanced network of local indoor farms in the nation, said Steve Platt, CEO of Irvington, N.Y.-based, BrightFarms operates five farms in Virginia, Ohio, Pennsylvania, North Carolina, and Illinois. 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. Cox Enterprises, a leading communications, automotive, and media company, has fully acquired indoor farming company BrightFarms after being a major stakeholder in the company since itled a $100 million Series E for BrightFarms in October 2020. With the support from Cox, BrightFarms is poised to become even more of a leader in the hydroponic indoor farming segment, according to Bradley. 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. By Lynda Kiernan-Stone, Global AgInvesting Media. Thelf facility on its own will be expanded into a 14-acre growing hub that will serve New England grocery retailers, the company added. Get news highlights delivered directly to your e-mail inbox. your browser to a newer version, or downloading a As part of its expansion plan, BrightFarms plans to construct a nationalnetwork of new high-tech farms that will accelerate the salad industrys transition to indoor farming. BrightFarms was founded in 2011 and opened its first greenhouse in Yardley, Pa., in 2013. Can someone please restructure me out of this mess? }); Cox Enterprises has invested more than $1bn in sustainable businesses and technologies including taking a majority stake in BrightFarms in 2018 as part of its growing 'cleantech' investment portfolio. Let GAI News inform your engagement in the agriculture sector. En el competitivo mercado actual del aceite comestible, la experiencia nica de Sidel en lneas completas y parciales, integracin y equipos stand-alone Dhler Natural Food & Beverage Ingredients | 25-Mar-2022

This dissatisfaction opens a window of opportunity for growers such as BrightFarmswhich focus on leveraging technologies to not only reduce its carbon footprint, but to produce the highest quality produce. Sustainable solutions from farm to finished product. The transaction will give Green Life full ownership of Finn Farms, including all site and equipment assets. The transaction aligns with Coxs mission to build a healthier and moresustainable future. Cox Enterprises announced the acquisition of BrightFarms, an indoor farming company and provider of locally grown packaged salads. BrightFarms has built the most advanced network of local indoor farms in the nation, said Steve Platt, CEO of Irvington, N.Y.-based BrightFarms. BrightFarms operates five farms in Virginia, Ohio, Pennsylvania, North Carolina, and Illinois. 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.. Last month, BrightFarms acquired New Hampshire-based lf Farms -- and its sixth indoor growing facility -- expanding its presence in the New England market., The company plans to expand lfs facility into a 14-acre indoor growing hub for New England supermarkets., With the access to additional capital through Cox, Platt added that BrightFarms' goal is to build five 30-acre farms in the next four to five years.. Cox said itsacquisition of BrightFarms will help the companymeetits goal of building a multibillion-dollar clean-techbusiness by 2030. Last month, BrightFarms acquired lef Farms, an indoor grower based in Loudon, New Hampshire. Tick the boxes of the newsletters you would like to receive. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. ATLANTA, Aug. 17, 2021 /PRNewswire/ --Cox Enterprises announced the acquisition of BrightFarms, an indoor farming company and provider of locally grown packaged salads. Cox has held a majority stake in BrightFarms since 2020. To date, Cox has invested more than $1 billion in sustainable businesses and technologies, and BrightFarms will play a key role in helping Cox reach its goal of building a multibillion-dollar cleantech business by 2030. A study conducted by Nielsen found that for nearly half, or 46 percent, of U.S. consumers,buying locally produced food is a priority, and food labels noting local production reflect $239 million in sales. "We were right about all these macro tailwinds, the only thing we missed is how fast the acceleration was going to happen,"Bradley told FoodNavigator-USA. 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. She can be reached atlkiernan-stone@globalaginvesting.com. In the 90s, less than 10% of the tomato supply was grown indoors, according to Platt. Answers. 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. browser. Get todays need-to-know grocery industry intelligence. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. About BrightFarmsBrightFarms is a leading provider of locally grown packaged salads, serving the freshest, tastiest and most responsibly grown produce to consumers nationwide. For more information, please visit www.brightfarms.com. ATLANTA, August 17, 2021 Cox Enterprises announced the acquisition of BrightFarms, an indoorfarming company and provider of locally grown packaged salads. From identification to implementation, Play Projects is the ideal partner to plan, manage and/or execute your projects.

Suppliers, var aTags = gptValue.split(','); The leading indoor agriculture company builds on Coxsmore than $1 billion of investments in sustainability and cleantech. 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.. } updating Over the course of the next four to five years, BrightFarms' goal is to reach two-thirds of US consumers through its growing network of indoor farms. How Will the Supply Chain Affect the Future of Specialty Foods? Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage convenience stores, grocery retailing, restaurants and noncommercial foodservice through media, events, data products, advisory services, and trade shows. 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 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. The company has said its farms use 80% less water, 90% less land and 90% less shipping fuel than growers that ship their greens from far-off farmsoften in California or Arizona. BrightFarms has built the most advanced network of local indoor farms in the nation," BrightFarms CEO Steve Platt said. The relationship between BrightFarms and Cox dates back to 2018, and Cox has held a majority stake in the company since 2020. BrightFarms has built the most advanced network of local indoor farms in the nation. | Technical / White Paper. The relationship between BrightFarms and Cox dates back to 2018, and Cox has held a majority stake inthe company since 2020. A weekly roundup of the latest news and analysis, sent every Friday. With the direct access to capital under the Cox umbrella, BrightFarmsplans to construct a national network of new high-tech farms that will accelerate the salad industrys transition to indoor farming. See if you qualify for a free subscription to our industry leading paper magazine. $(document).ready(function() { 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. Coxs BrightFarms buyout is the latest in a flurry of M&A activity in the indoor ag space. Bowery Farming Opens New Smart Farm in Bethlehem, Pa. Cision Distribution 888-776-0942 Meator, rather, meat pricesstarred in stories about rising inflation at the grocery store in 2021. The facility produces a wide range of leafy greens and herbs, including spinach and basil, and is expected to be fully operational and generating revenue in the third quarter of 2021. Being part of the Cox team will allow us to scale more rapidly, transforming the salad industry for American consumers, said Steve Platt, CEO of BrightFarms. Click below to check out our subscription options. Cox Enterprises, a leading communications, automotive, and media company, has fully acquired indoor farming company BrightFarms, after being a major stakeholder in the company since it, led a $100 million Series E for BrightFarms. The transaction aligns with Cox's mission to build a healthier and more sustainable future. 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. Steve Bradley, vice president of clean-tech for Cox Enterprises, said: BrightFarms is a perfect example of our Cox clean-tech strategy positively impacting the world through profitable, mission-driven businesses. 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. 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. Last month, BrightFarms acquired lf Farms, an indoor grower based in Loudon, N. H. The companyplans to expand lfs facility into a 14-acre indoor growing hub for New England supermarkets. "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. "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.". In doing so, BrightFarms is able to establish a sustainable food production model that eliminates waste, time, cost, and distance from the supply chain. Platt told FoodNavigator-USA that he sees indoor-grown leafy greens following a similar market path as tomatoes.

The transaction will give Green Life full ownership of Finn Farms, including all site and equipment assets. Look to Ukraine, Data snapshot: Europes agrifood sector is building a pipeline of climate tech startups. The industry's most comprehensive news and information delivered every other month. Cox Enterprises is dedicated to building a better future through our leading communications,automotive and media companies. 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. BrightFarms Debuting High-Tech North Carolina Greenhouse, BrightFarms Available in 2,000-plus Stores. For moreinformation, please visit www.brightfarms.com. 17-Aug-2021 at 15:31 GMT. Last month, BrightFarms itself acquired New Hampshire-based Lf Farms, which it plans to turn into a 14-acre indoor growing hub for New England supermarkets., Greenhouse operator AppHarvest acquired ag robotics startup Root AI earlier this year, and recently invested in Saudi Arabian saltwater farming company Red Sea Farms [disclosure: AFNs parent company, AgFunder, invested in Root AI.

- Last updated on To date, Cox has invested more than $1 billion in sustainable businesses andtechnologies, and BrightFarms will play a key role in helping Cox reach its goal of building a multibilliondollarcleantech business by 2030. Reaching a Younger Demographic in the Meat Aisle. Some threats are sudden and unpredictable, however, such as COVID-19, which left traditional farms and traditional supply chains unable to adjust to a new reality. for (var i=0; i < aTags.length; i++) Our expertise is founded upon the core principles of learning, however, our promise to deliver is founded squarely upon our achievements. "BrightFarms has built the most advanced network of local indoor farms in the nation. Partner with Doehlers global team of plant-based experts, to overcome development challenges Free newsletter And with a solid scientific background influencing our approach, these skills, together with our ability to work with and through people, translate into a broad range of capabilities within a wide array of applications. How do we meet increasing food demands more efficiently and sustainably? "Its time to go now, its time to put the full weight of Cox behind this and go accelerate growth and meet our customers' and consumers' needs," said Bradley. Fruit, vegetable, nut ingredients. Im drowning in new food! BrightFarms is a subsidiary of Cox Enterprises. BrightFarms currently operates five farms in Virginia, Ohio, Pennsylvania, North Carolina and Illinois. dataLayer.push(dataLayerNews); Box 128 ", Copyright - Unless otherwise stated all contents of this web site are 2022 - William Reed Ltd - All Rights Reserved - Full details for the use of materials on this site can be found in the Terms & Conditions, Related topics: var reg = new RegExp('\\W+', "g"); 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. 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.

Sign up to our free newsletter and get the latest news sent direct to your inbox, Carbohydrates and fibers (sugar, starches), BrightFarms raised $100m in Series E funding, How effective cold chain management can make your business more sustainable, Soluciones de aceite comestible con una eficiencia del 90 %, News & Analysis on Food & Beverage Development North America. Your roadmap to carbon neutral flour has arrived. The company now operates five indoor hydroponic farms in Pennsylvania, Virginia, North Carolina, Ohio and Illinois and recently acquired indoor growerlf Farms of Loudon, N.H. Its retail distribution extends from Vermont to Georgia to Iowa in Walmart, Kroger and Ahold Delhaize-operated stores, among others. Deliver wholesome products with sustainable ingredients. 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."

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. 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. Punta Gorda, Fla.-basedFinn owns a 2.5-acre hydroponic greenhouse in southwest Florida. modern from 8 AM - 9 PM ET. Manufacturers, was told that Cox is investing hundreds of millions of dollars to fund this immediate short-term expansion plan of reaching 150 acres of greenhouses, and has the resources of a $20 billion private company to source the necessary capital needed to make BrightFarms a well-known brand in supermarkets around the country. Founded in 1898 by Ohio Governor James M. Cox, the company is a familyownedbusiness committed to its people, communities and planet. 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.. 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. This site uses cookies. BrightFarms has built the most advanced network of local indoor farms in the nation. Green Lifes products, among them Butterhead Lettuce, Baby Arugula, Baby Kale, Baby Romaine and Farmers Blend, are available in more than 300 grocery stores and restaurants from Palm Beach to Miami and beyond, including some international locations. 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. A study conducted by Nielsen found that for nearly half, or 46 percent, of U.S. consumers. Our major operating subsidiaries include Cox Communications and Cox Automotive, and we are strategically investing in new industries and emerging technologies, with sizeable interests in clean technology and health care. BrightFarms grows and delivers its greens to local supermarkets in as soon as 24 hours from harvest. } Please consider The company will also boost investment in talent, research and innovation as it grows its product portfolio within the salad category and beyond. The company noted that this deal marks the first and only time to-date that an indoor farming company has been fully acquired.