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Grace Organic AB was founded in 2012 and acquired the immaterial rights for the Food Waste Master from the company Perpendum AB and the inventor Claes Fransén, who started the development of Food Waste Master in 1997. The Japanese company Panasonic invested close to 3 million euros in the project during the period 2001-2005 but due to a complete reorganization of the industrial group, Panasonic thoroughly changed their Food Waste division in the end of 2005 and the project was more or less put on hold with some initiatives taken by Claes Fransén and Perpendum AB during 2006-2012 on the European market.

During 2013-2014 the company has completed its product portfolio with the Food Waste Tracker products, which aim at limiting the food waste in professional kitchens and school restaurants.

The company is mainly owned by two shareholders and is currently looking for investors for a global expansion.