Hilton Foods has announced it has completed the purchase of a 50% shareholding in Dalco Food, a leading vegetarian product manufacturer based in Oss, the Netherlands.
Hilton also agreed to enter into a joint venture agreement with Dalco’s shareholders, which includes an option for the remaining 50% of Dalco’s
shares in 2024.
The company announced that following approval by the Dutch competition authority, it has completed the transaction on 31 January 2019.
This new acquisition allows Hilton to significantly expand its product offering in the fastgrowing vegetarian market.
“Hilton will provide its manufacturing expertise and capital resources to enable Dalco to expand its range into the next generation of vegetarian products servicing not only Dalco’s existing customers but also Hilton’s customer base,” the company said in a statement.
