TOFUTOWN

VFG sells Tofutown facility

©VFG / TOFUTOWN
Company News

VFG Sells German TOFUTOWN Facility to The New Originals Company

The Vegan Food Group (VFG), formed this January from the previous VFC Foods as a holding company comprising VFC, Meatless Farm, and Clives Purely Plants, and with plans to carry out further acquisitions such as that of TOFUTOWN in February, announces it is selling its manufacturing plant in Wiesbaum to The New Originals Company. Described on its website as the “first truly European tofu company” and positioning itself as a “Europe-wide leader in tofu innovations”, The New Originals Company was founded in February 2024 by the Lunter family, of NLT Management Holding and Raiffeisenbank Landesbank Oberösterreich, which apparently employs 600 people across five countries. Matthias Krön, CEO of The New Originals Company, comments: “Bernd Drohsin and Tofutown’s team in Wiesbaum have been pioneers in organic …

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VFG group acquires Tofutown

© VFC
Investments & Acquisitions

VFG’s Strategic Acquisition of TOFUTOWN to Boost Group Revenues Over €100M, Further M&As on Horizon

Vegan Food Group (VFG), the recently rebranded holding company formerly known as VFC Foods Ltd, announces it is on track to becoming one of Europe’s largest plant-based manufacturers with the acquisition of TOFUTOWN, a German producer with revenues of €60 million. Following the group’s revelation of its intentions to create a “vegan Unilever” at the start of this year, VFG’s fourth acquisition, following Clive’s Purely Pies, Meatless Farm, and its chick*n brand VFC, creates a major European CPG company boasting 80 SKUs in the UK and EU across 21,000 distribution points. The combined entity of the four brands is already poised to achieve profitability in 2024, with a clear line of sight for scaling group revenues beyond €100M. This is just the start of VFG’s …

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