Zoglo’s Incredible Food (Zoglo’s), a Canadian plant-based food company has announced it has acquired 50.5% interest in British Monday Swiss.
Monday Swiss was founded in 2012 and manufactures a range of plant-based food products, including the Veggie Day and Monday Swiss lines. The experience in product development of Monday Swiss will allow Zoglo’s to expand and develop a new generation of plant-based foods.
CEO of Zoglo’s, Anthony Morello said: “The proposed acquisition of Monday Swiss represents the beginning of Zoglo’s commitment to sustainable global expansion and leading plant-based food innovation”. He also added, “This acquisition creates a strong business for Zoglo’s in Europe and the U.K. in conjunction with its current evolving business in Canada and existing US business”, He added.
Monday Swiss founder, Alon Cahn commented: “With a production capacity of over 500,000 kilograms per month, and the ability to double our capacity by 2023, I believe Zoglo’s is poised to become one of the leading plant-based meat alternative companies globally”.