Monde Nissin

© Quorn
Investments & Finance

Monde Nissim CEO Provides Financial Support to Quorn from Family Fortune, Confident Growth Will Return

Henry Soesanto, CEO and major shareholder of Monde Nissim Corp., has announced he is to provide financial support for its alternative meat company Quorn via MNSG Holdings, a family business.  In April, Monde Nissin took an impairment charge of over $350 million on Quorn (acquired in 2015) due to the plant-based industry’s headwinds in the UK and globally. Now, Soesanto has pledged to backstop new impairment losses by backing the Quorn with his family’s fortune for the next ten years. The meat-free market is encountering challenges, due to macroeconomic conditions affecting Europe and the USA. However, it is reasonable to assume that growth will come back, he told Inquire.Net.  The news comes only months after Marlow Foods, the parent company of Quorn, launched its ingredients …

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Monde Nissin Australia launches a new range of deli meat slices called Deli-Licious

Image credit: Mondo Nissin Australia LinkedIn
Products & Launches

Monde Nissin Australia Launches Deli-Licious Meat Slices into Coles

FMCG company Monde Nissin Australia has moved further into the plant-based market with the launch of a new vegan-friendly deli meat brand called Deli-Licious into Coles supermarkets. Described as a delicious source of proteins without added preservatives, artificial flavours, or colours, the Deli-Licious range includes Ham Style, Chicken Style, and Hungarian Salami. “We are incredibly excited and proud to bring Australian consumers a new way to lunch with the launch of Deli-licious™, a range of tasty deli meat slices that are plant-based and 100% Deli-Licious, as the name suggests,” Monde Nissin stated. Reducing meat consumption Monde Nissin Australia is home to iconic brands, including Black Swan, nudie, Wattle Valley, Peckish, and Quorn. Last year, in response to the growing plant-based foods sector, the company signed …

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Ingredients

WOA Signs Supply Agreement with Food Giant Monde Nissin for Australian Lupine Protein 

Wide Open Agriculture announces significant milestone in commercializing its Buntine Protein after locking in supply agreement with noodle giant Monde Nissin Australia Wide Open Agriculture (WOA), an Australian company whose subsidiaries include Dirty Clean Food and OatUP, has signed an agreement with Monde Nissin Australia to supply its plant-based Buntine Protein. Buntine is a lupin-based protein concentrate that WOA claims can be used as a main ingredient to replace animal-based ingredients in food and beverage applications.  In response to the growing plant-based foods sector, Monde Nissin Australia will use Buntine Protein – made with lupin seeds regeneratively grown in Australia – to develop various food and beverage products for the Australian market. It is estimated that Monde Nissin will purchase up to 60% of the …

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Quorn

© Quorn Foods
Company News

Quorn Announces “Ambition to Become the King of Alternative Chicken Globally” With New Dallas Base

UK legacy brand Quorn is set to boost its US presence with the opening of a state-of-the-art Culinary Development Center in Dallas, TX. The move follows the appointment of new leadership for Quorn in the US; President, Judd Zusel and Executive Chef, Stephen A. Kalil. Philippines-based Monde Nissin Corp acquired Quorn in 2015 for £550 million and it was revealed that the food giant was planning to make a significant investment in Quorn’s US presence prior to its recent $1 billion IPO. A mainstay in the UK market since 1985, Quorn now intends to stake a claim in the American market, with extremely savvy timing; poultry prices in the US are witnessing acute inflation and plant-based brands in the chicken category are seriously taking off. …

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