Eat Beyond Global Holdings acquires all of the issued and outstanding common shares of Mylk Brands.
Mylk, a British Columbia corporation, is the sole shareholder of Fresh Start Beverage Company d/b/a Banana Wave. Banana Wave is based in Boca Raton, Fl. Banana Wave’s beverages are made from oats and real bananas. They are available in five different flavours: original, unsweetened original, mango, chocolate, and strawberry. All varieties are dairy-free, gluten-free, soy-free, and non-GMO.
“We are delighted to be able to add Banana Wave to Eat Beyond’s roster of portfolio companies” said Michael Aucoin, Eat Beyond CEO. “Banana Wave products are truly differentiated in an increasingly competitive dairy alternative category. With truly great flavour and compelling nutritional benefits, we believe the Banana Wave brand is a product on the cusp of greatness.”
Steve Gelerman, CEO of Banana Wave, said, “We are delighted to be able to partner with the Eat Beyond team to help realize the true potential of Banana Wave. We have had tremendous early success in building the brand and with the financial resources and advisory capabilities of Eat Beyond, we intend to make Banana Wave a true market leader.”