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March 15, 2019

Germany’s Pfeifer & Langen invests in plant-based food specialist Amidori

German plant-based food firm Amidori, which has been seeking a partner to help it scale-up, has sold a majority stake in the business.

By Leonie Barrie

Amidori, the German plant-based food manufacturer, has sold a majority stake in the business to local food holding company Pfeifer & Langen Industrie- und Handels.

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Cologne-based Pfeifer & Langen, which includes the namesake sugar refiner and German snacks business Intersnack Group under its corporate umbrella, describes the plant-based category as a “new, strategic food sector with great potential”.

Amidori, founded in 2015 and based in Stegaurach, uses peas and other plant proteins to create food products.

The company has been searching for a partner to help it scale up the business.

Its managing director Jens Wedel said: “We made great efforts to find a strategic partner for Amidori, in order to be able to tackle our company’s next phase of development in an energetic manner. 

“We have found our ideal partner in the Pfeifer & Langen Group, which will give us the benefit of all its experience and support us ‘from field to fork’, helping us grow even more quickly and simultaneously ensuring that Amidori’s entrepreneurial autonomy as a young, dynamic company is maintained.” 

Uwe Schöneberg, a partner at Pfeifer & Langen, said: “The investment in Amidori marks our entry into what is, for us, a new, strategic food sector with great potential – both nationally and internationally. 

The exact size of Pfeifer & Langen’s stake in Amidori and the amount it paid for it has not been disclosed.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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