International multi-protein food business Hilton Food Group has agreed to acquire the remaining 50% shareholding of vegan and vegetarian food manufacturer Dalco Food B.V.
Hilton became a 50% shareholder in Dalco in 2019, and since then has helped expand Dalco’s range of vegan and vegetarian products.
The agreement will see Hilton commit to ongoing investment in order to significantly increase its capacity to customers, grow its ranges, and develop “new, innovative, plant-based products.”
As part of the deal, Dalco’s current management team will continue to “play a significant role in helping Hilton deliver its ambitious goals.”
“The next natural step”
Commenting on the agreement, Hilton CEO Philip Heffer, said: “This is the next natural step in our ambitions to broaden and diversify Hilton’s multi-protein offer. The completion of this transaction will further strengthen Hilton’s position within the vegan and vegetarian market, at a time when our customers are increasingly seeking out innovative, high-quality vegetarian products at scale.”
Marian Wagemakers, CEO of Dalco, added: “Hilton has been a supportive joint venture partner of Dalco, and we are pleased to now become a full part of the Hilton Food Group. This transaction will enable continued investment in the business and it will underpin the next stage of Dalco’s growth.”
Completion of the acquisition is subject to clearance from the Dutch competition authority.
