Avril Group, a processor and financer in the vegetable oils and proteins sector, has acquired a stake in plant-based food company Hari&Co.

Hari&Co offers a range of 100% plant-based ready meals and catering products made with legumes. Its products are locally produced in France, minimally processed and made from natural ingredients without additives.

Avril aims to accelerate the company’s development and strengthen its food product offer. The company is already committed to the development of plant protein for the food market and is now adding to its portfolio of brands to offer new products in line with consumer expectations.

Jean-Philippe Puig, CEO of Avril, said: “This project is fully in line with our strategy. Following the acquisition of Vivien Paille last year, we are pursuing the development of French sectors and the promotion of legumes, from the farm to the table.”

He added: “In this way, we contribute to a local, healthy, and sustainable diet in line with our commitments and our purpose: serving the earth”.

Emmanuel Brehier and Benoît Plisson, directors and founders of Hari&Co, said that the two companies share common commitments, allowing for development while remaining true to their values.

They commented: “This operation is a real boost to our ambition to become the key player in plant-based cuisine. We are more than ever invested in this new stage of our entrepreneurial adventure, which promises to be exciting!”

The acquisition by Avril marks the investment fund outflow from Eutopia, a shareholder of the company since 2017 via its Otium Consumer fund, and Triodos Investment Management.

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