The US assets of Kalera, a Norwegian hydroponic vertical farming company, have been acquired by Lactuca Holdings, LLC. for an undisclosed sum, with financial backing from private equity investment manager Sandton Capital Partners.

The indoor farming facilities in Atlanta, Denver, and Houston have been acquired as part of the deal. Kalera will continue to operate its business as usual under the Kalera brand, and the team will remain in their positions. Sandton's financial support will provide the necessary investment to support the firm's growth, enhance its relationships with existing customers, and support its expansion activities with new retail and wholesale partners.

The company also plans to increase production volumes, build on its already successful high-yielding lettuce and basil programs, and expand its microgreen product portfolio. Plans are also underway to license the company's technology to other vertical growers.

Analyst QuickTake: Since the beginning of the year, Kalera has been undergoing a significant business restructuring. In January, Kalera's international operations in Kuwait and Singapore were acquired by Growy Holdings BV, and in April, Kalera filed for Chapter 11 bankruptcy protection—a move that delisted the company from the Nasdaq while allowing its US operations to continue. Furthermore, in June, the company sold its seed genetics business, Vindara , to Sandton Capital Partners for an undisclosed amount.