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Investments & Acquisitions

BENEO to Acquire Meatless BV, Supplier of Textured Pea, Fava, Wheat Proteins

Südzucker subsidiary BENEO is to acquire Meatless BV, a Dutch producer of texturized plant proteins from rice, quinoa, pea, fava, wheat and lupins. Meatless has supplied the food industry with such proteins for over 15 years. Südzucker Group states that plant-based proteins are a current focus and that the acquisition of Meatless supports Südzucker’s goal of evolving from a large-scale processor of agricultural raw materials to a leading partner for plant-based solutions. The move closely follows the news from earlier this month that its subsidiary BENEO will open a €50 million fava bean plant in Germany to meet the growing demand for plant-based proteins. Founded in 2005, Meatless has developed a unique process that enables the production of plant texturates in a manner that results …