Fleury Michon, the French family-owned and independent food company, has announced the acquisition of 100% of the capital of All Plants, a UK plant-based food company specialising in the commercialisation of plant-based products within British mass retail distribution.
The acquired business generates an annual turnover of approximately €5 million ($5.7 million) – representing less than 1% of the group’s total turnover – with an EBITDA close to equilibrium. All Plants features a portfolio of natural, plant-based products spanning veggie burgers, bites, tofu, fresh pasta and tortelloni, sauces and pesto, and quick meals.
According to the company, the transaction encompasses all commercial activities, teams and brand rights associated with All Plants. The move is intended to provide a solid foundation to accelerate the deployment of Fleury Michon’s plant-based range in the UK, capitalising on a market described as more developed than France.
“This acquisition strengthens the roup’s international footprint and offers long-term growth prospects”, Fleury Michon stated.
Source: Fleury Michon (via Globe Newswire) / All Plants
