04 Jan 2023 --- Oat milk producer Oatly has entered into a long-term strategic hybrid partnership with Ya YA Foods Corporation, an aseptic food and beverage product manufacturer. The partnership will see Ya YA Foods acquiring most of the assets used in and assuming operation of Oatly’s Ogden, UT facility, as well as taking production responsibility and lease of a similar facility in Fort Worth, Texas. Under the terms of the agreement, Oatly will receive approximately US$72 million, plus an additional credit amount toward future use of shared assets in the Ogden facility. Oatly will also receive additional credit toward ongoing construction at the Fort Worth location.
