Huel reported sales of over £144m ($175m) in FY22, a 41% increase over 2021. The company also increased its active consumers by 22% to over 900,000 and has already sold 300 million meals globally since its inception, all while remaining committed to minimizing the environmental and ethical effect of its goods
Morgan Stanley Investment Management (MSIM) has formed a strategic collaboration with Huel, as part of which MSIM 1GT would invest in the company.
Huel is the top brand in sustainable nutrition. Huel’s objective since its inception in 2015 has been to create nutritionally balanced, accessible, and economical food with low effect on animals and the environment.
Huel, 1GT’s second investment, has been recognised as a best-in-class addition to its portfolio due to Huel’s strong environmental credentials and position as a nutritionally complete meal. 1GT seeks to provide knowledge and experience from across the Morgan Stanley company to Huel’s sustainability agenda and to capitalise on development possibilities in the United States and abroad.
Huel reported sales of over £144m ($175m) in FY22, a 41% increase over 2021. The company also increased its active consumers by 22% to over 900,000 and has already sold 300 million meals globally since its inception, all while remaining committed to minimising the environmental and ethical effect of its goods.
Food business generates more than a quarter of global greenhouse gas emissions. Huel is committed to ensuring that all meals meet global warming objectives of 1.5 degrees Celsius, and its meals produce 50% less carbon footprint than the average US meal.
Morgan Stanley Investment Management launched1GT Growth-Oriented Private Equity Platform during Nov 2022 for focussing on Companies Seeking to Mitigate Climate Change.
1GT seeks investments in private enterprises that will provide a significant financial return while also having a quantifiable beneficial environmental impact in the mobility, power, sustainable food and agriculture, and circular economy areas. The Platform aspires to engage with portfolio firms to help manage ESG risks, promote climate change mitigation, improve ESG monitoring and reporting, and achieve profits growth, multiple expansion, and better exit possibility.
As of September 30, 2023, Morgan Stanley Investment Management and its investment advising affiliates had over 1,300 investment professionals worldwide and $1.4 trillion in assets under management or supervision.
The new collaboration with Huel recognises the brand’s strong track record of adopting sustainability throughout the company while attaining high growth rates.