Meat-alternative startup Meati leases production facility in Thornton; raises $18M
Meati Foods has signed a lease to take 76,500 square feet in a new Thornton industrial building to scale up its production of plant-based meat products, and raised $18 million in loans to finance the expansion.
Meati, which is registered as Emergy Inc. and went by that name before rebranding last summer, will occupy two-thirds of the 114,700-square-foot building at 14831 Washington St., according to a statement from broker Cushman & Wakefield. The building was delivered in 2020.
Emergy was founded in Chicago under a U.S. Department of Energy grant but
relocated to Boulder since co-founders Tyler Huggins and Justin Whiteley both received their doctorates at the University of Colorado Boulder.
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Meati, which is registered as Emergy Inc. and went by that name before rebranding last summer, will occupy two-thirds of the 114,700-square-foot building at 14831 Washington St., according to a statement from broker Cushman & Wakefield. The building was delivered in 2020.
Emergy was founded in Chicago under a U.S. Department of Energy grant but
relocated to Boulder since co-founders Tyler Huggins and Justin Whiteley both received their doctorates at the University of Colorado Boulder.
The company is following the concept of using fungi to mimic the flavor and texture of meat first pioneered to commercial scale by Beyond Meat Inc. (Nasdaq: BYND) and Impossible Foods Inc.