Livekindly Acquires Plant-Based Business Dalco From Hilton Food Group
Livekindly Collective has agreed to acquire Dalco Foods, the Dutch plant-based unit of UK meat company Hilton Food Group. The deal is valued at £5.4 million ($7.3 million) and marks Livekindly's latest acquisition in its strategy to expand through strategic purchases within the plant-based food sector. Hilton Food Group stated that selling Dalco aligns with its focus on core operations, including meat and fresh prepared foods. The company has been reevaluating parts of its business since last year under former CEO Steve Murrells before Mark Allen took over as executive chair in November 2024. Dalco reported an adjusted operating loss of approximately £2 million for the first half of this year, and Hilton had already begun limiting future investments at Dalco. Livekindly's acquisition is expected to enhance its product development capabilities and customer relationships within B2B markets.