Following a period of severe financial instability, mycoprotein producer Meati is facing a critical turning point as its Thornton, Colorado, facility was recently seized by the Adams County sheriff due to nearly $7 million in unpaid property taxes. This legal action follows the company’s transition through an Assignment for the Benefit of Creditors (ABC) process in mid-2025, which allowed a new entity, Meati Holdings, to acquire the business assets “free and clear” of previous debts. However, while the new owners invested $14.2 million to settle secured obligations, the restructuring left unsecured creditors with a mere $10,000 to cover over $3.1 million in claims. With fermentation operations currently halted and the Thornton plant deemed unsustainable, Meati’s future remains highly uncertain as the new leadership evaluates rebranding or third-party manufacturing to salvage the brand.
Source: Meati Foods property seized for non-payment of taxes