September 21, 2017 12:19 AM ET

Food Products

Company Overview of Impossible Foods, Inc.

Company Overview

Impossible Foods, Inc. develops meats and cheeses from plants. It observes animal products at the molecular level, and selects specific proteins and nutrients from greens, seeds, and grains to recreate meats and dairy products. The company was incorporated in 2011 and is based in Redwood City, California.

Redwood City, CA 94063

United States

Founded in 2011

Key Executives for Impossible Foods, Inc.

Founder and Chief Executive Officer
Chief Financial Officer and Chief Operating Officer
Age: 45
Senior Vice President of Supply Chain & Manufacturing
Age: 46
Chief Science Officer
Compensation as of Fiscal Year 2017.

Impossible Foods, Inc. Key Developments

Impossible Foods Launches Production at First Large-Scale Plant

Impossible Foods launched production at the company’s first large-scale plant. The plant in Oakland, Calif., is now ramping up production and will eventually have the capacity to produce 1 million pounds of plant-based meat per month. That’s enough to serve about 1 million quarter-pound Impossible Burgers per week. As the 68,000-square-foot plant scales up production, more and more restaurants will be able to serve the plant-based Impossible Burger on their menus.

Dr. David Lipman Assumes Position of Chief Science Officer at Impossible Foods

The National Library of Medicine announced the departure of David J. Lipman, MD, who has served as the Director of the National Center for Biotechnology Information (NCBI) since its creation almost 30 years ago. Dr. Lipman is assuming the position of Chief Science Officer at Impossible Foods.

Impossible Foods Appoints Chris Gregg as Senior Vice President of Supply Chain and Manufacturing

Impossible Foods announced the hiring of food industry veteran Chris Gregg as Senior Vice President of Supply Chain and Manufacturing. Effective immediately, Gregg, will be part of Impossible Foods' management team and oversee operations for manufacturing and supply chain. Gregg has more than 20 years of experience in the food industry, both at startups and at global corporations. At Del Monte Foods Inc., Gregg was responsible for a $1.5 billion budget and oversaw procurement, external manufacturing and manufacturing commercialization. He also led and developed manufacturing joint ventures and partnerships.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
August 1, 2017
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