Soglowek Acquires 70% Stake in Thai Meat-Free Manufacturer Plant & Bean

Soglowek, an Israeli meat producer, has acquired a 70% stake in Thai plant-based meat manufacturer Plant & Bean, aiming to fund an expansion that will double the factory's output. Plant & Bean was originally founded in the UK in 2019 but faced financial difficulties, leading to the sale of its UK production facility. The company's venture in Thailand has been successful, with a facility producing various plant-based meat products and receiving certifications for its food safety standards.

Soglowek's investment in Plant & Bean comes at a time of growing demand for plant-based eating in Thailand, as hotels and the government are promoting a shift towards plant-rich food systems. The acquisition reflects the trend of consolidation in the alternative protein sector, with Stadler emphasizing the long-term potential and real needs driving the plant-based market.