Please ensure Javascript is enabled for purposes of website accessibility

Beyond Meat Leases Gigantic New Headquarters Building

By Rhian Hunt - Jan 15, 2021 at 12:04PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The move will allow the plant-based-meat maker to triple or quadruple its HQ research and development staff.

In a press release this morning, plant-based-meat maker Beyond Meat (BYND -7.01%) said it is leasing a 300,000 square foot campus to serve as its new headquarters, giving it a huge space increase for research and development facilities. The building is currently under construction in the California city of El Segundo by Hackman Capital Partners and several other companies. It should be completed this spring and will open as Beyond Meat's new HQ in autumn of this year if all goes according to schedule.

Beyond Meat says the facility will house three to four times its current number of R&D people once the three-phase opening of the campus is complete. This greatly expanded team of researchers will work in high-tech conditions featuring "advanced research labs," artificial intelligence, machine learning, and other technology selected to speed up the process of developing new plant-based products for the company's lineup.

A high-tech research and development lab with machines, computers, and a worker in protective clothing.

Image source: Getty Images.

Ethan Brown, the CEO and founder of Beyond Meat, remarked the research carried out at the new campus will aim to "advance ever more rapidly against our taste, nutrition, and cost metrics."

Beyond Meat rolled out several new plant-based meat products during 2020, and is said to be currently working on a brand-new, "unique" creation for Taco Bell. In the meantime, its rival Impossible Foods is also putting money into research, looking to develop, among other products, plant-based milk that doesn't curdle in hot beverages like tea or coffee, and a "crackable" plant-based egg.

Beyond Meat's first-mover advantage and some of its product features have resulted in strong gains, but ongoing innovation and products capable of penetrating major international markets such as China may be the key to maintaining its current growth into the future. 

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Beyond Meat Stock Quote
Beyond Meat
$29.05 (-7.01%) $-2.19

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/16/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.