Report: Plant-Based Nuggs’ Parent, Simulate, to Be Acquired by Ahimsa Companies

According to a report from Axios, plant-based private-equity investor Ahimsa Companies will acquire Simulate, the parent company of plant-based meat alternative brand Nuggs. The transaction reportedly was a combination of cash and equity, but terms were not disclosed.

Ahimsa, which its Web site says was formed to “catalyze the transition to a plant-based food system,” appears primed to continue its acquisition streak, the Axios report noted.

As reported by Food Processing in July, Ahimsa purchased a plant-based production facility in Ohio from Gathered Foods (in which it owns a significant stake). Precision fermentation, cultivated meat, traditional extruded pea protein, non-dairy and plant-based all are reported potential targets moving forward.