Parties
Company
Power Sustainable Lios Inc.
Company
Food Cycle Science Corporation
On June 11, 2024, Power Sustainable Lios Inc. (PSL), the sustainable agrifood investment group of Power Sustainable (PS), announced its investment in Food Cycle Science Corporation (FCS), an innovator in electric food waste recycling. This partnership aimed to bolster FCS's growth in Canada and internationally. FCS’s award-winning FoodCycler® transforms food scraps into a dry, odour-free by-product, significantly reducing methane emissions from food waste in landfills. Since its inception in 2011, FCS has delivered over 250,000 units across 20 countries, promoting convenient and sustainable waste management for individuals, businesses, and communities. Their technology is highly efficient, reducing food waste volume by up to 90% and emissions by more than 75%.
The partnership enabled FCS to leverage PSL's institutional support, expanding its market presence and introducing new products. Jonathan Belair, Managing Partner of PSL, expressed excitement about supporting FCS's innovative solutions to the food waste crisis. Bradley Crepeau, CEO of FCS, highlighted the transformative impact of this partnership, emphasizing the potential for growth in new channels and geographies. Craig Hanna, Partner of PSL, underscored PSL's extensive experience in the food value chain, affirming FCS's leadership in the market.
Deal Type
Financing/InvestmentIndustry
AgricultureTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date