Unilever Divests The Vegetarian Butcher to JBS-owned Vivera
Unilever announced it has received a binding offer from JBS S.A.-owned European plant-based company Vivera to acquire The Vegetarian Butcher, according to a release — a move said to help sharpen Unilever’s portfolio for long-term growth and scalability.
The Vegetarian Butcher was acquired by Unilever in 2018 from founder Jaap Korteweg, after which it delivered strong, double-digit average growth and expanded to more than 55 markets in worldwide retail and foodservice channels, the company said.
Unilever decided to divest the brand due at least in part to the supply chain needs for The Vegetarian Butcher’s chilled and frozen products, which didn’t fit as well with other products in the wider Unilever food portfolio. Further, the brand’s technological and R&D capabilities stood apart from that of its sibling Unilever product lines.
Heiko Schipper, president of Unilever Foods, was confident The Vegetarian Butcher would be better served under new ownership that is dedicated to plant-based meat replacements. It has been a tumultuous month for Unilever, which had said late last year that it would be spinning off its ice cream business as part of the portfolio management strategies mentioned above. Latest news was that plan remained on track.
However, last month, the company unexpectedly announced that CEO Hein Schumacher would step down “by mutual agreement” and be replaced by CFO and executive director Fernando Fernandez.
Then, just two days ago (March 18), Unilever-owned Ben & Jerry’s escalated the years-long battle between parent and subsidiary, filing a lawsuit accusing Unilever of firing Ben & Jerry’s CEO David Stever earlier this month because he supported the Vermont ice cream company’s increasingly vocal social mission.
As for where The Vegetarian Butcher is headed, JBS S.A. said during its presentation to the Consumer Analyst Group of New York (CAGNY) in mid-February that its plant-based business, which includes Vivera, ranked No. 3 in Europe. Vivera was acquired by JBS in 2021, and its CEO, Willem van Weede, said of the acquisition that the company was proud to unify with the “like-minded believers” at The Vegetarian Butcher and looked forward to leveraging both companies’ competencies.
Terms of the offer were not disclosed, but the deal was expected to be completed by Q3 2025.