© Hilton Food Group

Facts & Figures

Meatpacker Hilton Food Group Sees Vegan & Vegetarian Product Sales Surge by 26%

UK meatpacker Hilton Food Group has reported that its sales of meatless products increased by 26% between 2019 and 2021. This compares to a growth rate of 14% for the company’s meat and seafood products. In 2019, Hilton became a 50% shareholder in Dutch plant-based producer Dalco in an attempt to diversify its protein offerings. Then, last September, the company fully acquired Dalco. The rise in plant-based sales helped Hilton’s total revenue rise to £3.3 billion last year, compared to £2.7 billion in 2020.  “This has been a year of delivery and diversification,” said Hilton chief executive Philip Heffer. “Put simply, we want to offer all the proteins people want to put on their plates, in-home and out of home, not just in Europe and …

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Dalco Food

©Dalco Food

Investments & Finance

UK Meatpacking Giant Hilton Fully Acquires Dutch Plant-Based Producer Dalco 

FTSE 250 listed company Hilton Food Group has reached an agreement to acquire the remaining 50% shareholding of vegan and vegetarian manufacturer Dalco Food. Netherlands-based Dalco will now be fully acquired by Hilton, as the UK meatpacker looks to diversify into the alt protein sector. Having become a 50% shareholder in Dalco in 2019, Hilton is buying the remaining shares subject to clearance from the Dutch competition authority. The move is part of the meatpacking company’s strategy to strengthen its protein offering within the fast-growing vegan and vegetarian market.  Dalco has grown significantly on the back of increased growth in the alt protein sector recently and has performed ahead of Hilton’s expectations prior to the full acquisition. Dalco’s current management team will continue to in …

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