With ethey’s now dominant platform, this zero food waste company is able to acquire Canadian companies and turn them eco-friendly, transforming the Canadian food market.
Food waste is an issue that plays a large role in contributing to the global climate crisis, something many individuals are unaware of. When food sits in a landfill, over time it creates a gas called methane, a type of greenhouse gas 25% more harmful than carbon dioxide. Globally, food waste makes up 8% of greenhouse gas emissions, and Canada wastes almost 2.3 million tonnes of edible food per year, as stated by the City of Toronto.
Ethey Foods, an ethical and sustainable Canadian company, is re-inventing the Canadian landscape for food manufacturing with their fully recyclable packaging, 0% food waste, and sustainability research to limit the world’s carbon footprint. Ethey Foods is unique to the Canadian market as they are the only licensed company in Canada that ships fresh pre-cooked meals with meat across the nation, and utilizes their platform to acquire other Canadian companies to help them expand nationally using eco-friendly and sustainable solutions.
By 2018, the company reached 1.5M in revenue and expanded locations 3 times to keep up with demands. What first began as an independent business, turned into an industry-leading company with a large platform allowing them to acquire and work with six other brands.
The company brings brands in-house and expands the acquired companies’ reach nationally with ethey’s zero waste food production facility, located in London, Ontario. The facility has grown into a 33,000 sqft production facility over 6 years. With more than 2.5 million meals shipped to 180,000 plus customers ethey offers over 100 meal options including bakery items, soups, cold-pressed juices, kid’s snacks, and more all the while producing 0% food waste.
In 2021, the ethey Group grew to 16.7M in revenue by building and acquiring profitable brands that are aligned with the ethey platform. With its current footprint, the company can achieve up to 70M in food manufacturing revenue and is looking to expand its current 15% capacity by building and acquiring even more brands to improve the Canadian market by transforming these brands into eco-friendly businesses.
Ethey Foods has gone from being an independent D2C food brand to a national company with an ecosystem of opportunities for other businesses, with founder Nick Spina maintaining his involvement to maximize the economies of scale. Due to their sustainable practices with zero food waste, recyclable packaging, and more, they have the capabilities of making other mergers more sustainable and putting them onto a national stage. Ethey Foods is more than just a brand, it’s an ethical platform transforming the Canadian food and agricultural space for good.
CFIA approved and centered around profitability automation and sustainability, ethey achieve 0% food waste. Their systems include upcycling and reusing food scraps, and work with a local worm farm – The Wormery at the Grove – for decomposition, which is a closed-loop system that turns waste into fertilizer, which is delivered back to local farms.
To take their zero-waste model one step further, they are in the process of building a Black Soldier Fly Farm which will allow for 4x faster food decomposition and bug protein by-product. Continually growing and expanding, ethey is also FDA approved for expansion in the US to bring their sustainability methods to the American market.
From an independent company to a national powerhouse, ethey continues to expand with five new mergers joining the team. They’re on a mission to do better for the planet and its people by providing sustainable solutions and creating lifelong partnerships that follow their environmentally-safe practices.
To learn more about ethey Foods and how they can support your business, visit their website and get in touch.