Monday, July 4, 2022

BENEO acquires Meatless to expand portfolio of plant-based solutions

BENEO, a manufacturer of functional ingredients, has acquired Dutch company, Meatless B.V., to become a major player in the field of plant-based texturising solutions for meat and fish alternatives.

The move comes amid a huge rise in demand for plant-based products, with figures showing that the market for fish and meat alternatives is expected to grow by more than 10% CAGR over the next five years. The acquisition of Meatless B.V. allows BENEO to broaden its portfolio and offer customers a versatile selection of plant-based solutions that serve as texturisers for meat and fish alternatives. BENEO sees great prospects for the new range of solutions in Europe as a focus market in the first instance, with plans to further expand globally.

Andreas Herber, member of the Executive Board at BENEO, says: “Following the recently announced investment into our new faba bean processing plant, the acquisition of Meatless B.V. is the next logical step to reaffirm BENEO’s commitment to strengthening its business with solutions for plant-based alternatives.”

Meatless B.V, founded in 2005 and located in Goes, The Netherlands, is a supplier of textured plant-based ingredients with a unique portfolio of solutions derived from different raw materials (i.e., rice, faba beans, wheat, pea, lupin and quinoa). This range fully complements BENEO’s ingredients portfolio and allows for new combinations. As a result, BENEO’s customers will benefit from a broader variety and greater flexibility that supports the development of meat and fish alternatives.

Meatless’ products are sustainable by design, with the production processes achieving a very low carbon footprint, further supporting BENEO’s aim to use state-of-the-art production facilities to reduce total CO2 emissions.

Andreas Herber continues: “BENEO and Meatless are a natural fit. BENEO’s raw material expertise and ingredient knowledge, in combination with Meatless’ technology and product portfolio, will provide our customers with a versatile plant-based toolbox for meat and fish alternatives. The acquisition will allow for exciting new developments within BENEO’s portfolio, while also supporting the business’s sustainability ambitions.”

The current management of Meatless will stay on board following the acquisition. Jos Hugense, CEO, Meatless, says: “We are glad that Meatless can make the next step in its corporate development with BENEO. BENEO as a strong and experienced global player for functional ingredients will enable Meatless to meet the growing demand and further accelerate expansion of the business in new markets.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.
















Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close