Kale United acquires Lily & Hanna's

© Lily & Hanna's

Investments & Acquisitions

Kale United Acquires Over 95% of Swedish Vegan Ice Cream Brand Lily & Hanna’s

Plant-based holding company Kale United has announced its acquisition of Lily & Hanna’s, a vegan ice cream brand based in Sweden. Kale United said it had agreed to purchase just under 70% of the shares in Lily & Hanna’s from the founder, and had also offered to purchase all other shares in the company from the remaining shareholders. As a result, Kale United will acquire over 95% of the business. The holding company said the acquisition would increase its turnover by more than 50% at group level, and increase its net asset value by around 10%. Lily & Hanna’s products are available at all major retailers in Sweden and are also sold in several other European countries. The coconut-based ice creams come in flavours such …