03 October 2023
03 October 2023
Kong believes a focus on health is the way forward for plant-based meat.
On an annual rate, food inflation was 9.9% in September, down from 11.5% in August.
A new line will allow the company to additionally produce its Torcida brand of snacks at its Cabo de Santo Agostinho site.
The Lüleburgaz plant expansion is for the Fortinel and Fortini brands of medical nutrition products.
The natural raw pet-food maker is Voff's tenth acquisition since inception.
Oddlygood CEO said owners Valio and Mandatum Asset Management are “actively pursuing opportunities to grow through acquisitions like this one”.
The UK business has expanded international distribution with Australia and New Zealand is on the cards.
The Munich-headquartered company turned over €120m ($127m) in 2022.
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Per GlobalData estimates, the Eastern European food industry was valued at $180.5 billion in 2022 and is projected to grow at a CAGR of >4% by 2027. The top five companies together account for a value share of just 5.3% in 2022, with Mondelēz leading the pack. The Czech Republic, Poland, Romania, and Hungary were identified as high-potential countries, primarily due to the large size of their food industries, their high projected value growth rates, and their rising per capita expenditure.
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