All Plants acquired by Fleury Michon

Fleury Michon acquired the entire share capital of All Plants on 20 October 2026, signing and closing the transaction the same day. The perimeter covered the company’s commercial operations, its staff and the intellectual property attached to its brand. All Plants markets plant-based ready meals to British supermarket chains. It develops the recipes, has them produced and sells them under its own name through the grocery retail channel, where plant-based alternatives occupy a dedicated section rather than competing directly with meat products. At the time of the transaction it generated revenue of €5m, with an EBITDA close to breakeven, representing less than 1% of Fleury Michon’s consolidated turnover. Fleury Michon manufactures chilled ready meals, cooked meats and seafood products, sold mainly under its own brand to French supermarkets, and has been developing a plant-based range alongside them. It bought All Plants to obtain a commercial platform in the United Kingdom, where plant-based food has reached a more advanced stage than in France: British retailers have devoted more shelf space to the category for longer, and consumers buy it more regularly. The purchase gave the French group an established brand and existing relationships with British retailers, through which it intended to introduce its own plant-based products rather than negotiating listings from scratch in a market where it had no presence.