A year after the takeover of Quorn Foods by Philippines-based group Monde Nissin, the UK meat-free business is setting up its first operations in Asia and investing in building its teams in Europe to try to grow further there. Dean Best spoke to Quorn Foods CEO Kevin Brennan, who outlined the company's plans for the next 12 months.
Quorn Foods, the UK-based meat-free supplier, has enjoyed solid growth in recent years on the back of growing consumer interest in reducing - or eliminating - meat from their diet. Now owned by Philippines-based Monde Nissin after a deal last autumn, Quorn expects its expansion to continue, CEO Kevin Brennan and Andrew Staal, the company's international director, tells John Shepherd.
UK meat-free business Quorn Foods is to push into Asia, a year after its takeover by Philippines food group Monde Nissin.
Philippines-based food group Monde Nissin and discount retail giant Aldi have agreed to test the contents of their herbs and spices in Australia after a probe by the country's competition and consumer watchdog found the "substantial presence" of olive leaves in products supplied by the two companies.
Meat-substitute group Quorn Foods is expanding its range of frozen ready meals in the UK where, for the first time, products will be merchandised in the country alongside their meat equivalents.
Philippines-based food group Monde Nissin is to distribute Kellogg's products across the country.
Quorn Foods, the UK-based meat-free business, is to be sold to Philippines group Monde Nissin in a deal valuing the company at GBP550m (US$831.2m).
Filipino snack maker Monde Nissin is reportedly preparing for an initial public offering with local reports suggesting the offering could happen by the second quarter of 2016.
Nudie, an Australian juice manufacturer, has announced its debut into the country's food sector with the launch of coconut milk-based yoghurt.
Philippines-based Monde Nissin is expanding its presence in Australia through the acquisition of Menora Foods as part of its drive to become a "significant food and beverage player" in Asia Pacific.
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