Months after securing an exit for Deliciously Ella, founders Ella and Matthew Mills have acquired vegan ready meal leader Allplants out of administration under their revamped Plants brand.
Less than three months after it entered administration, British ready meal startup Allplants is back on the market, having been rescued by the founders of fellow vegan business Deliciously Ella in their bid to drive the conversation away from “ultra-processed meat alternatives”.
Ella and Matthew Mills, who sold Deliciously Ella to Hero Group in September, retained their Plants brand and restaurant in the multimillion-pound deal. While the Plants by DE eatery has since closed, the CPG label – launched as a sub-brand with Waitrose in 2022 – is now undergoing a refresh with the acquisition of Allplants.
“We are absolutely thrilled to share that today we have acquired the Allplants brand name and associated brand assets out of administration,” Ella Mills said in a statement. “We will bring together Plants and all plants to create something truly special – a new, natural, plant-based powerhouse.”
Instead of launching new products under the Allplants label, Plants will look to leverage the former’s social media following – it has nearly 200,000 followers across its accounts – to expand its reach.
The refreshed business will be led by managing director Kerry Atack, who has worked with Deliciously Ella since 2020.
Deliciously Ella founders tap into Allplants’s ‘enormous promise’
Set up by brothers Alex and Jonathan Petrides, Allplants has been around since 2016, selling vegan ready meals online and via retailers. It capitalised on the meal delivery boom a few years later during the pandemic-induced lockdowns, and when it made its retail debut in November 2022, it sold six million meals within the first three months.
Over the years, the company raised £67M from investors including professional footballers Chris Smalling and Kieran Gibbs. But in the background, it registered losses of nearly £10M in the seven months to March 2023, which Jonathan ascribed to inflation, post-Brexit supply chain disruptions, rising interest rate, and the shift from the growth stage to the pursuit of profitability.
The business went into administration in November, making 65 employees redundant and working with Interpath to find a buyer. Now, it has become the latest in a line of plant-based companies that have been rescued from the brink, including Meatless Farm, VBites, Plant & Bean, and Mycorena.
“When we started cooking in 2016, fewer than 1% of Brits ate vegan. Today, that number is over 6%, with millions more flexing and shifting towards plant-based,” said Jonathan, who has left the business. “Allplants was always about sparking that curiosity, nudging habits, and helping people taste the future.”
He added: “Putting so much goodness out into the world and being a part of this societal shift is something we can always be very proud of, and I feel privileged to have been involved in such an important movement – but there’s still a lot of progress to hopefully come.”
In her statement, Mills said: “Having spent the past 12 years building Deliciously Ella and Plants, we have long admired the Allplants brand, and the brand name has built remarkable consumer awareness across the UK. Unfortunately, the business ran into significant financial difficulty, and we know that the resulting administration has been an incredibly difficult time for the community, customers, suppliers, team members and investors.”
She added that Plants was “pleased to have signed an agreement” to acquire the brand name and assets: “We’re so excited to build an exciting future for this brand with such enormous promise.”
Ella Mills slams UPFs ahead of Plants brand refresh
Plants sells pantry staples like pasta, sauces, kombucha, soups, and frozen meals, which are available at Waitrose, Ocado, Whole Foods Market, and Zapp.
The brand will announce a packaging refresh in April, with phrases like “Real food”, “Real flavour”, and “100% natural ingredients” forming part of a new direction that looks to shift the discourse away from ultra-processed foods (UPFs).
These make up 57% of the average British diet, and while experts have warned against associating processing with nutrition, a backlash against UPFs has also led to plant-based meat products falling into disrepute.
Retail sales for plant-based meat were down by 6% in the UK in 2023, with volumes plunging further by 13%, while the country’s largest meat-free company, Quorn, posted pre-tax losses of £63M that year, a fourfold increase from the £15M it lost in 2022, just as more youngsters are increasing their meat intake (19%) than reducing it (16%) in the UK. Vegan ready meals, meanwhile, saw a decline of 20%.
The UPF pushback has given rise to whole foods like beans, tofu (now in 8% of British households, despite being a UPF too), and tempeh (with one tempeh maker the second-fastest growing meat-free brand last year).
“The plant-based category should be synonymous with real, nourishing food, yet for too long it has been dominated by ultra-processed meat alternatives, a trend now in steep decline. We’re here to try and change that, and to reimagine the plant-based fixture with delicious, natural, quick wins for clever cooks,” said Mills.
It’s the latest example of vegan brands themselves attacking plant-based meat for being ultra-processed. Phil Graves, CEO of mycelium meat maker Meati, recently told Green Queen that people shouldn’t have to choose between factory-farmed meat or “ultra-processed plant-based options that have a long list of ingredients you can’t pronounce”.
With the Allplants acquisition, Mills – who has built her empire on healthy eating – is looking to capitalise on the anti-UPF push.
The post Allplants: Deliciously Ella Founders Rescue Vegan Ready Meal Brand in Anti-UPF Push appeared first on Green Queen.
This post was originally published on Green Queen.