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“This is not about Tönnies. This is about Bavaria and Bavarian farmers,” Premium Food Group boss Clemens Tönnies said.
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The company’s net sales fell to $13.4m in the first nine months of 2025 from $16.5m a year earlier.
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The project is expected to deliver $20m in annualised operating income, which fell 28% to $84.3m in fiscal 2025.
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Parent BonCulina acquired UK-based Anglia Crown in 2023.
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SPC, the Australian group that sparked the investigation, is “disappointed” with the findings.
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The French veg group plans to retain a commercial presence in the country.
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Consumers are “migrating” to better-for-you snacks, along with added protein and alternative oils like avocado, Michael Axelrod says.
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Co-founder Matt Hunt talks his plans to grow exports and how consumers’ understanding of protein claims may be changing.
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