Vegan Food Group acquires Germany’s TofuTown
In its largest acquisition to date, Vegan Food Group has bought German organic meat producer TofuTown, making it a key player in the European plant-based market.
This article is available for reading in Trade magazin 2024/4
TofuTown, which is Europe’s largest vegan factory producing only natural, organic tofu, plant-based dressings and meat alternatives for German chains such as Aldi, Lidl, DM and Edeka, has a EUR 60m annual sales revenue. According to the company’s CEO, the acquisition will make VFG “a major player in plant-based foods”. //
Related news
Gruppo Tonazzo gives up meat products for a plant-based future
Italy’s iconic meat processor Gruppo Tonazzo has announced that it…
Read more >
Amazon stops offering Fresh home delivery in Germany
After seven years, US-based Amazon is to discontinue its Fresh…
Read more >
Seven In Ten Younger Consumers Use Self-Checkouts Regularly In Germany
A new study by KPMG and the EHI Retail Institute…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >
Using 30% less materials would be a solution to the climate crisis
The circular economy is a global imperative: it transcends geographical…
Read more >
Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >
