BarentsKrans is advising LiveKindly on the proposed acquisition of the shares in Dalco Food B.V. (“Dalco”) from Hilton Foods Limited, a subsidiary of Hilton Foods Group. Dalco is a Dutch producer of vegetarian and plant-based food products, operating specialised production facilities in Oosterhout, the Netherlands. The company develops and manufactures a wide range of products, including meal components, finger foods and snacks for retail, foodservice and branded partners.

Dalco has been part of Hilton Foods Group since 2019. Hilton Foods Group acquired a 50% stake in Dalco in January 2019 and subsequently acquired the remaining shares in October 2021, making Dalco a wholly owned subsidiary of the group.

Through the acquisition by LiveKindly, Dalco will join a business dedicated exclusively to plant-based food solutions. The combination is expected to create opportunities to further strengthen the companies’ production capabilities, product development activities and market position, while responding to the growing demand for high-quality plant-based food products. LiveKindly and Hilton Foods Group have reached agreement on the acquisition of Dalco. Completion of the transaction remains subject to the satisfaction of customary legal and regulatory requirements.