Receiver strikes deal with mystery buyer for Merit Functional Foods plant in Winnipeg

Receiver strikes deal with mystery buyer for Merit Functional Foods plant in Winnipeg

A buyer has finally emerged for the Merit Functional Foods plant in Winnipeg, Canada, more than two years after receivers were called in. The state-of-the-art plant protein processing facility, which opened in 2021, went into receivership in March 2023, with then-CEO Ryan Bracken blaming factors from higher raw materials costs and rising interest rates to the “risk appetite from lenders and/or investors drying up” and “commissioning of a novel p…