Meati’s operations face a critical uncertain future following the disconnection of power at its Thornton, Colorado fermentation plant, which resulted in the eviction of remaining staff and underscores the new ownership’s assessment of the facility as “unprofitable and unsustainable.” With production halted since early November and mass layoffs completed, the company, now under Meati Holdings, is exploring options for profitability, including significant product reformulation to lower costs and a potential shift to third-party manufacturing. However, industry sources warn that finding suitable co-packers is highly challenging due to the specialized infrastructure required for processing filamentous fungus, fueling speculation that the company may be forced into indefinite hibernation with no clear pathway out of its current financial distress.
Source: Meati powers down Colorado plant. ‘All options are being explored’