VFG’s Strategic Acquisition of TOFUTOWN to Boost Group Revenues Over €100M, Further M&As on Horizon

Vegan Food Group (VFG) has acquired TOFUTOWN, a German producer with revenues of €60 million, as part of its strategy to become one of Europe's largest plant-based manufacturers. With this acquisition, VFG now boasts a combined entity of four brands set to achieve profitability in 2024 and scale group revenues beyond €100 million. VFG's CEO, Dave Sparrow, states that the group will now be a major player in the plant-based food industry with significant manufacturing scale and a strong network of strategic partners.

The acquisition of TOFUTOWN allows VFG to fast-track its growth in the UK and EU, expanding its product range and distribution across various channels. The move aligns with VFG's vision of consolidating brands to create operational efficiencies, achieve economies of scale, and enhance its competitive edge in the market. With Germany and the UK being key markets for plant-based foods, both VFG and TOFUTOWN are well-positioned to thrive and capitalize on the growing demand for plant-based products in Europe.