Australian alt-meat brand v2food has expanded into China, announcing strategic partnerships with three major Chinese food manufacturers and a food content service platform.
Australia’s v2food to Close Manufacturing Facility as CEO Steps Down
Australian plant-based meat producer v2food has announced it will be closing its manufacturing facility in Wodonga, Victoria, as co-founder Nick Hazell steps down as CEO. The facility was first opened in 2020 at a cost of $20 million, and employed 30 people at its height. But speaking to Grain Central, director Phil Morle said v2food had to “make decisions that keep the company successful in the near term”. He said that while the brand still aimed to eventually have its own plant, this was not the right time. “We’ve had a crack at it and not really been successful, ” he said. “I will say it’s not a dead plan, but it’s a pause for now plan.” V2food says all the ingredients currently produced at …