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Quorn Foods, the North Yorkshire-based meat substitute firm with 620 staff, has been acquired by Monde Nissin of the Philippines for £550m.
Quorn Foods is creating up to 400 jobs at its Teesside-based meat-free foods business, as part of a £30m investment in production.
Quorn is to invest £40m in the expansion of its Teesside-based meat-free foods business over the next year.
Quorn Foods is investing £30m in the expansion of its Teesside-based meat-free products factory, which could lead to the creation of up to 300 jobs.
Quorn Foods is planning to expand production capacity at its North Yorkshire-based meat-alternative foods business by 50%.