Hilton buys 50% stake in Dutch meat alternative manufacturer
The company has also entered a joint venture agreement with Dalco's shareholders, which includes an option for the remaining 50% of Dalco's share in 2024.
Hilton's new agreement enables it to expand its offering in the fast-growing vegetarian market.
“This agreement represents an exciting opportunity for Hilton to broaden its offering in a growing segment of the market and meet our customers’ demands for Hilton to supply them with a range of innovative, high quality vegetarian products. We look forward to seeing the positive effects of our tried and tested business model on this relationship, which will be supported by our flexible and versatile approach to meeting local requirements,” said Hilton CEO Philip Heffer.
Hilton Food Group plc is Europe’s leading specialist international food packing company supplying major retailers including Tesco, Ahold, Coop Danmark, ICA and Sonae in Europe and Woolworths in Australia. Hilton had sales of £1.4 billion in 2017 and employs around 4,300 people across its sites.
Dalco Food B.V. was established by the Wagemakers family in 1975. Today Dalco develops and supplies vegetarian products to a broad range of customers worldwide from its two facilities located in the Netherlands.
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