A fast-growing York company has acquired another company in a deal said to be worth £12 million in sales.
Vegan food company VFC has acquired Meatless Farm.
The takeover rescues the Leeds-based plant-based firm from administration.
VFC, based at York Business Park, says “the Meatless Farm brand will be retained, with the product range diversifying VFC Foods’ existing plant-based chick*n portfolio.
“The acquisition of Meatless Farm marks a crucial milestone in VFC’s growth strategy and its mission to provide more vegan products across retail and foodservice, with the aim to remove animals from the food chain.”
Co-founder Adam Lyons, who ran Source restaurant in Castlegate, York, before giving it up to concentrate on the VFC business, said: “Acquiring this remarkable brand is a testament to the hard work of the Meatless Farm team, who have done an exceptional job in developing and establishing quality products.
“Meatless Farm aligns seamlessly with our growth strategy, and we are confident in the underlying consumer demand for plant-based products.”
Matthew Glover, co-founder of both VFC, Veg Capital and Veganuary , stated: “VFC Foods is well positioned to sustainably grow the Meatless Farm brand once the cost-of-living crisis eases, and the plant-based space has experienced further consolidation.”
“Reducing our meat consumption is crucial for a healthier, more sustainable future and, at VFC Foods, we will continue developing vegan alternatives which taste so good, they render the need to kill animals obsolete.”
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