EQS-Adhoc: Veganz Group AG acquires production site and brands of Happy Cheeze GmbH in Cuxhaven

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• Veganz Group AG acquires production site and brands of Happy Cheeze GmbH in Cuxhaven

Ludwigsfelde, Germany, Oct. 25, 2023 - Veganz Group AG ("Company" or "Veganz") (ISIN DE000A3E5ED2 / WKN A3E5ED / stock exchange symbol VEZ) today acquired significant parts of the insolvent Happy Cheeze GmbH. Happy Cheeze specializes in vegan cheese alternatives and is the leading brand in the German organic food trade.

Happy Cheeze GmbH produces plant-based cheese alternatives with a product portfolio of 13 products at its approximately 1,000 m2 production site in Cuxhaven. The products are sold online, in organic specialty stores and international food retailers. In addition, plant-based cheese alternatives are produced as a white label for retail brands. As part of this asset deal, Veganz Group AG is expanding its product range, distribution channels and production capacities in the area of plant-based cheese alternatives.  

In German food retail, the market volume for self-service soft cheese YTD through week 01/10/23 is 66.3 million euros with a market growth YTD of 12.5%.

Contact Company:

Veganz Group AG
An den Kiefern 7
14974 Ludwigsfelde
Phone: +49 (0)30 2936378 0
E-mail: info@veganz.de

Contact Investor Relations:
Massimo Garau (Chief Financial Officer, CFO)
Phone: +49 (0)151 46569362
E-mail: ir@veganz.de

IMPORTANT NOTICE

This publication may not be released, published, distributed, disseminated or transmitted in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia), Australia, Canada, Japan, South Africa or any other jurisdiction in which such release, publication, distribution dissemination, or transmission would be unlawful. This publication constitutes neither an offer to sell nor a solicitation to buy shares or other securities of Veganz Group AG. There will be no public offering of shares or other securities of Veganz Group AG. The shares of Veganz Group AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended.

1757497  25-Oct-2023 CET/CEST