The group, which now owns Vivera, Culifrost and Dutch Tofu Company, says it has 'strong ambitions and aims at large-scale investments in expanding production capacity and product range'.
Vivera manufactures multiple popular plant-based products, including its steak, which launched in Tesco in last year, selling almost 40,000 units within days.
Now Vivera wants to increase the production capacity of its plant in the Netherlands to cater to what it describes as the 'rapidly developing market demand' for plant-based food, as consumer interest in 'healthier and more sustainable food is increasing strongly'.
"We are one of the first companies in the world's meat industry to say final goodbye to meat. From now on we only focus on plant-based foods which are really conquering the world," Willem van Weede, CEO of Vivera Foodgroup, said in a statement.
"More and more consumers are discovering that plant-based products can be just as tasty as real meat and have many benefits for personal health, environmental impact, and animal welfare. As a result of the sale of our meat activities we think we can boost even more Vivera's rapid international growth."
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Maria is the Editor of Plant Based News. A former magazine editor, newspaper reporter, and features writer, her work has been published by The Guardian, The Huffington Post, and various regional newspapers. She was previously the editor of Vegan Life magazine and Vegan Trade Journal. She has interviewed a huge range of people, from Prime Ministers to authors, activists, pop stars and actors, and enjoys the varied range of topics writing for PBN allows her to tackle. You can follow her on Twitter @MariaChiorando and Instagram @mariachiorando.
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