Jim Miller will lead the company's efforts to expand its natural and organic flavor applications.

Included in the new facility is a show kitchen, R&D lab, R&D test kitchen, two pilot plants and more.

Tarkan Gürkan is the new chief financial officer; Kenneth Bishop is senior vice president of international marketing development.

Store prices rose a total of 13.4% through the 52-week period ended on Aug. 28.

Matthew Buss will lead all research, innovation and product development activities.

The company expects to launch its novel product pilot in the US sometime this year.

The company's new formulation offers enhanced nutritional benefits.

The startup developed a fat ingredient that helps the texture of plant-based dairy products.

The company initially filed its registration statement with the SEC in November 2021.

The deal is expected to close in the latter half of 2022, following regulatory review and approval.