UK wellness-focused investor Tooru has agreed to acquire Mylky, a Belgian company that sells at-home plant-based milk machines, for £12M ($16.2M). Mylky's machine allows users to make various plant-based milks at home quickly and affordably, offering customization options to control ingredients and reduce waste. The startup has shown strong revenue growth, with plans to expand into new markets and introduce co-branded products with Tooru's existing brands, leading to the acquisition.

Tooru sees Mylky as a strategic fit for its portfolio and aims to leverage the startup's innovative product offerings and loyal customer base to drive further growth in the alternative protein sector. The acquisition aligns with Tooru's buy and build strategy, adding value for shareholders through expansion and scale. This move reflects the ongoing consolidation trend in the alternative protein sector, with many companies being acquired or merged, demonstrating the market's rapid growth and potential for continued success.