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The Canadian group said the new division will focus on expanding its ingredients platform, including "higher-value" components.
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The UK’s largest grocer is the “anchor investor” in a fund set up by Leon founder Henry Dimbleby.
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Alongside the transaction, the two companies entered into a “long-term” supply agreement.
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The Unite union said delivery drivers still have to vote on the Hovis offer.
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The case dates to 2022, with Sonate alleging Beyond Meat’s ad campaign with Dunkin’ Donuts was likely to confuse consumers.
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The European Pizza Group emerged in 2023 when Nestlé put its pizza assets into a venture with PAI Partners.
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The UK launch follows the brand’s EU grocery debut earlier this year with Dutch supermarket chain Jumbo.
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The meat and plant-based business said it is aiming to “simplify” operations.
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