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Axiom Foods provides niche vegan and allergen-friendly products to formulators as an increased number of consumers are demanding end-use products with healthier label claims.

Baird acted as exclusive financial advisor to Stonewall Kitchen on the transaction and Greenberg Traurig, LLP acted as legal advisor.

The company expects to use the net proceeds from the transaction to pursue a range of potential strategic options.

The company's facilities source, process, package and distribute nuts, trail mixes and other wholesome snacks to premier retail customers across the country. Flagstone will be headquartered in Minneapolis.

Chairman, founder and chief executive officer Joe Slawek said Thompson’s vision and leadership are assets for the company.

The food technology startup combines scientific innovation with ingredients from nature to create wholesome and nutritious food, restore natural ecosystems and feed a growing population sustainably.

The innovative, fast-growing company has been doing business in the city of San Bernardino since 2015.

KEEN Growth Capital (KEEN), an impact investing fund focused on food, beverage and wellness CPG categories, announced the addition of strategic, new talent in operations, sales and finance.

RightWater packaging is 100% free of single-use plastic, from the box to biodegradable pallet wraps.

“Our sustainability pillars focus on agriculture, operations, procurement and transportation,” said Dan Dye, CEO of Ardent Mills. “We recently aligned our efforts with the United Nations and their Agenda for Sustainable Development and Sustainable Development Goals. By championing sustainability and focusing on these global goals, we believe our investment in sustainability delivers a product that brings value to our customers and the environment.”