Minneapolis plant-based food company Wicked Kitchen acquired as industry consolidates and slows

Last year, Wicked Kitchen CEO Pete Speranza predicted the plant-based industry was headed for consolidation as sales slow and buzz fades.

Last week, the Minneapolis-based company was acquired by a Colorado startup looking to bring numerous plant-based brands under one roof.

Ahimsa Cos. paid an undisclosed sum for Wicked and its plant-based seafood brands, Good Catch and Current Foods, to "help stabilize and shape the new landscape for the plant-based industry," CEO Matt Tullman said.

"Ahimsa is a long-term investor because they're in it to take animals out of the food system," Speranza said. "That's a good investor to have because in this space you need patience."