Quorn Foods To Sell Company for $830 Million

The alternative meat company agreed to sell to Philippines-based rival, Monde Nissin.

United Kingdom-based alternative meat company Quorn Foods recently agreed to sell its business to Monde Nissin—a non-vegetarian company that makes noodles, cookies, and baked goods—for £550 million, or $830 million. The Philippines-based buyer beat out France’s Danone and Ireland’s Kerry Group to aquire the meat-free business, which produces everything from burgers and nuggets to sausages and cutlets. Available in 16 countries, Quorn made a reported $227 million last year. "Quorn represents an important new leg in our offerings,” Monde Nissin CEO Henry Soesanto said. "We are excited by the growth potential of the global meat-alternatives market." Earlier this year, Hain Celestial Group acquired European vegan company Mona Group, and WhiteWave Foods purchased Vega for $550 million. The Quorn deal is expected to close October 30. 

More News

Beyoncé Debuts New Vegan Meal-Planning App

The 22 Days Nutrition program—which the singer co-owns with nutritionist Marco Borges—has launched a new meal-planning feature to make vegan food accessible to all.
Read More »

Costco Sells 1 Million Vegan Burgers in 60 Days

Don Lee Farms' organic plant-based burger exceeded sales expectations and will soon be available in restaurants and the brand's other partner stores.
Read More »

James Cameron Hopes Veganism Will Make Viagra Obsolete

The celebrated director discusses The Game Changers, a film that showcases the benefits—such as longer-lasting and more frequent erections—of a plant-based diet.
Read More »

German Brand Develops Vegan Mushroom Shoe Line

Mushroom leather is the latest alternative to animal leather.
Read More »

Casey Neistat: Impossible Slider Is "Beefier Than Beef"

During a taste-test in Brooklyn, the respected YouTube personality said the animal-based cheeseburger at White Castle tasted "like mush," while the new plant-based Impossible Slider tasted "like meat."
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »