AGREEMENT REACHED FOR THE SALE OF DALCO
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AGREEMENT REACHED FOR THE SALE OF DALCO
Hilton Food Group plc ('Hilton Foods' or 'the Group'), the international red meat partner of choice, has reached an agreement to sell Dalco Food B.V. ("Dalco"), its Dutch-based Vegan and Vegetarian business, to Livekindly Production NL B.V. for total consideration of £5.4m. The transaction remains subject to standard approvals and deliverables, including consultation with the local works council.
The disposal is consistent with the Group's strategy to focus investment on and drive growth from its core meat and fresh prepared food businesses, while seeking to improve performance and maximise value from its Seafood, Vegan and Vegetarian businesses.
Dalco is expected to be treated as an asset held for sale in the Group's 2026 Interim Results, due to be announced on 3 September 2026. Dalco made an adjusted operating loss of approximately £2m in the first half of 2026, which is expected to be reported as a loss from discontinued operations.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/204 (which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018) and has been authorised for release by Robin Miller Group General Counsel and Company Secretary
END
For further information please contact:
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Hilton Food Group plc |
Tel: +44 (0) 1480 387214 |
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Mark Allen, Chief Executive Officer |
Email: investorrelations@hiltonfoodgroup.com |
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Matt Osborne, Chief Financial Officer |
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Martyn Espley, Investor Relations Director |
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Headland Consultancy |
Tel: +44 (0) 20 3805 4822 |
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Ed Young |
Email: hiltonfood@headlandconsultancy.com |
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Will Smith |
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