BENEO Buys 14% Stake in Grillido, Producer of Hybrid, Vegetarian & Vegan Products
BENEO, a leading manufacturer of functional ingredients, announces it is taking a 14% stake in German startup Grillido, a producer of hybrid, vegetarian and vegan products, marking the next step in the company’s plant-based protein strategy. Munich-based Grillido is focused on the development, production, marketing and distribution of meat alternative products, as well as other products linked to BBQ foods, and employs around 30 staff. Next to e-commerce, its multi-channel sales approach also covers retail and foodservice sales. The development follows several steps in the plant-based arena from BENEO. In May of 2022, the company revealed plans for a new €50 million fava bean processing plant to strengthen its portfolio and meet the growing demand for plant-based proteins. Just days later, BENO announced the acquisition …