Quorn set to invest £40m in expansion


Quorn is to invest £40m in the expansion of its Teesside-based meat-free foods business over the next year.

The company celebrated record growth in 2014, and aims to use the funds for R&D and to penetrate new international markets.

The firm reported an 8% growth to £14.6m sales over January at a time when most food manufacturers saw flat sales and is planning to expand into at least one new international market in 2015.

This follows successful launches in Germany, Denmark and Finland in October 2014, with Quorn experiencing surging sales growth in all of the international markets it currently operates in as it pursues ambitions to become a $1bn dollar business in the next ten years.