09 October 2023
09 October 2023
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A senior Adam Foods executive said the deal was “an important step in the development of our international activities”.
François-Philippe Champagne said he has yielded unspecified discounts, price freezes and price-matching offers.
The vegan-approved manufacturing facility, based in Leicestershire in the English Midlands, was making a “significant loss“.
The factory in Čitluk will close by December with the loss of 52 jobs.
An undisclosed number of jobs have been saved at the factory previously owned by Halo Food, which went into administration in August.
Indoor-farming business AppHarvest entered Chapter 11 bankruptcy proceedings earlier this year.
“The entire company has to reduce costs,” the Dutch dairy co-op insists.
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The global healthy snacks market will be valued at $74.6 billion in 2023 and is expected to grow at a CAGR of 6% by 2030, per GlobalData. Increasing awareness of health and wellness among consumers is the major contributor to the growing demand while a rise in vegan and plant-based diets and rising disposable income, and middle-class expansion are also expected to drive market growth. However, this growth is affected by the challenges posed by high cost of ingredients.
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