French food giant Fleury Michon has acquired Allplants, a vegan meal brand founded by Ella Mills of Deliciously Ella. This acquisition will allow Fleury Michon to expand its plant-based presence in the UK. Allplants, previously known as Plants, was rebranded after the Millses took over the brand assets in early 2025. The brand has seen success in the UK market with a range of plant-based products, and the acquisition by Fleury Michon will serve as a springboard for the French food major's plant-based expansion in the UK.
Allplants, which recorded around €5M ($5.6M) in annual turnover, is close to breaking even and will continue to operate under the new ownership. Fleury Michon, known for its innovative veggie products in France, aims to capitalize on the more developed meat-free market in the UK through this acquisition. This deal is part of a trend of consolidation in the alternative protein sector, with over 90 firms in this space being bought out, merged, or shut down in recent years.
*This summary was generated using AI.
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