logo
  

Hilton To Acquire Remaining 50% Shareholding Of Dalco Food B.V.

International multi-protein producer Hilton Food Group (HFG.L), on Tuesday, announced an agreement to acquire the remaining 50% of its joint venture partner, vegan and vegetarian product maker Dalco Food B.V.

The deal closure is subject to clearance from the Dutch competition authority. Since Hilton became a 50% shareholder in Dalco in 2019, it has leveraged its manufacturing expertise and capital resource to further expand Dalco's range into the next generation of vegan and vegetarian products.

The company noted that the Dalco acquisition is in-line with Hilton's strategy to further diversify and strengthen its protein offering within the fast-growing and attractive vegan and vegetarian market.

As part of this acquisition, Hilton stated that Dalco's current management team will continue to play a significant role in helping Hilton deliver its ambitious goals.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
American Honda Motor Co, Inc. has recalled about 2,900 units of 2022 model year Honda TRX90X All-Terrain Vehicles (ATVs) sold in the United States for possible crash and injury hazard, according to a statement issued by the U.S. Consumer Product Safety Commission or CPSC. The Laundress, a unit of Conopco Inc. d/b/a Unilever, is recalling around 8 million laundry and household cleaning products citing risk of exposure to bacteria, U.S. Consumer Product Safety Commission. The recall involves Laundress laundry detergent, fabric conditioner and other cleaning products. Tesla Inc. has delivered its first Semi, a heavy-duty electric truck, to its customer PepsiCo Inc. during an event at its Nevada Gigafactory. The delivery of 500-mile fully electric Semi truck comes five years after the launch of the truck's prototype in 2017. During Thursday night's Semi Delivery Event at Tesla's Sparks, Nevada factory, CEO Elon Musk, with Dan Priestly, ...
Follow RTT