Helping Vivera to accelerate growth in the meat substitutes marketCorporate News -
Following the sale of meat processing company Enkco, Vivera Foodgroup is entering a meatless future. The group has big ambitions and intends to make large-scale investments to expand its production capacity and product range. Vivera has a strong position in the European market and is one of the largest producers of plant-based products in Europe. Vivera’s products are available in more than 25,000 supermarkets in 25 European countries.
Vivera Foodgroup has noticed that consumer interest in healthier and more sustainable food is clearly increasing in large parts of Europe. Given this rapidly developing market demand and the sale of Enkco, Vivera Foodgroup wants to invest structurally at a higher level. In the short term, the production capacity of Vivera’s plant in the Netherlands will be considerably expanded in the third quarter of 2019.
NIBC, an existing lender to the company, was asked to continue its lending relationship to enable Vivera to focus on expanding its local and international footprint in the meat substitutes market and benefit from consumer trends toward flexitarian and vegetarian diets.
This transaction is very much in line with our focus on supporting companies that have a positive impact on environmental, social & governance values, and helping clients in their transition toward sustainable investments.
The new financing structure enables Vivera to strengthen its position on the high-growth meat substitutes market and to increase production capacity to bolster an already successful franchise.
“NIBC’s support following the divestment of our meat processing activities will allow us to accelerate growth by increasing investments in our production facilities.”, Willem van Weede, CEO at Vivera Foodgroup.