DUG Foodtech Declared Bankrupt, Assets Now Open for Acquisition

DUG Foodtech AB, previously known as Veg of Lund, has filed for bankruptcy due to a lack of financing to sustain operations. Following a ruling by the Lund District Court and being delisted from Nasdaq Stockholm, the company's assets are now open for acquisition through a tender process overseen by bankruptcy trustee Ann-Christine Halén. Interest has been shown by both domestic and international buyers, with offers accepted until January 22, 2026.

Despite rebranding and developing a potato-based dairy alternative, DUG Foodtech struggled financially in the competitive plant-based beverage market. The company's share price declined significantly over the past year, culminating in the decision to cease operations. Outgoing CEO Helene Nielsen expressed gratitude to the team and supporters, highlighting the challenge in reaching financial stability. The future of DUG Foodtech's assets will be determined through the tender process led by the trustee.