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Friday, June 2, 2023

PlantPlus Foods Reaches Agreements to Acquire Sol Cuisine and Hilary’s

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CHICAGO–()–PlantPlus Foods LLC (“PlantPlus Foods”), a provider of leading-edge plant-based protein products across the Americas, is pleased to announce it has entered into definitive agreements to acquire Sol Cuisine Ltd (“Sol Cuisine”) and DEW Drink Eat Well, LLC (“Hilary’s”).

The acquisitions of Sol Cuisine and Hilary’s will enhance PlantPlus Foods’ operations in North America to accelerate plant-based protein category growth in whitespaces and new plant-forward finished goods solutions.

The Sol Cuisine transaction is subject to customary closing conditions and expected to close in Q1 2022.

PlantPlus Foods

PlantPlus Foods offers a wide range of finished plant-based food products across North and South America, backed by unmatched technology, scale and experience.

About Sol Cuisine (https://solcuisine.com/)

Sol Cuisine is a fast-growing producer of branded and private label, consumer-preferred plant-based protein offerings across key center-of-plate and appetizer categories. The Company’s products are offered through an established omni-channel distribution platform in Canada, the U.S. and Mexico.

About Hilary’s (https://hilaryseatwell.com/)

Hilary’s produces allergen-free plant and vegetable-based foods without the use of wheat, gluten, soy, dairy, eggs, corn or nuts, focused on nutritious meals. The product portfolio consists of plant-based burgers and sausages and is distributed in the USA and Canada.

Forward-Looking Statements

Some of the above statements may constitute forward-looking statements. Such statements are based on the beliefs of PlantPlus Foods’ management as well as assumptions made by and information currently available to PlantPlus Foods’ management. To the extent permitted under applicable law, PlantPlus Foods assumes no obligation to update any forward-looking statements.

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