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Danone bets on plant-based meals with €1bn Huel acquisition
business19 days ago

Danone bets on plant-based meals with €1bn Huel acquisition

Danone is paying €1bn for British meal-supplement maker Huel to scale its nutritionally complete, plant-based shakes and meals across new markets; founded in 2014, Huel sells direct-to-consumer products and has faced past advertising scrutiny. The deal, which also taps into a roughly $5.9bn market for complete-nutrition products, awaits regulatory approvals and closing conditions, with Danone highlighting Huel’s digital capabilities and distribution network as key assets.