TOPAS GmbH

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TOPAS GmbH - overview

Established

1993

Location

-, -, Germany

Primary Industry

Food

About

Based in Germany, Topas GmbH, also known as Wheaty, specializes in creating high-quality, plant-based meat alternatives to address the growing demand for vegan and vegetarian products. Topas GmbH, founded in 1993 in Germany, focuses on the development of plant-based meat alternatives. The company has not undergone significant pivots or changes in business operations since its inception. There are no known subsidiaries.


The founder's history and other details about previous companies are not available. The latest deal involved the company being targeted for acquisition by The Tofoo Company Limited on February 2, 2026, with financial terms undisclosed. Wheaty specializes in the production of high-quality, plant-based meat alternatives primarily derived from Seitan, a traditional food made from wheat gluten. Their product line includes a diverse range of vegan sausages, deli slices, spreads, and burgers, designed to cater to the growing demand for sustainable and healthier food options.


These products are crafted using organic ingredients and developed to meet both culinary tastes and dietary needs, serving consumers who are vegetarian, vegan, or seeking to reduce meat consumption. The company’s products are distributed across various geographical markets in Europe, with a significant presence in Germany, targeting consumers looking for nutritious and convenient plant-based food solutions. Wheaty's revenue is primarily generated through the sale of its plant-based products to both direct consumers and retail partners, including health food stores and supermarkets. Transactions typically occur on a B2B basis with wholesalers and retailers purchasing in bulk, while also engaging directly with consumers through online platforms and specialty stores.


Each product, such as their award-winning Thai sausage, is positioned with pricing that reflects its premium, organic quality, catering to an audience that prioritizes health and sustainability. The company's diverse offerings and strategic distribution channels contribute to its financial stability, although specific revenue figures and pricing details for individual products are not disclosed. The acquisition of TOPAS GmbH by The Tofoo Company Limited will enable enhanced business development as part of their growth strategy. The company is planning to expand its product line with several new plant-based offerings, aiming for a release in the coming year.


Additionally, Topas GmbH is looking to enter new markets across Europe, targeting regions such as France and the UK by the end of 2026. The recent acquisition funding will support these initiatives, facilitating product development and market expansion efforts.


Primary Industry

Food

Sub Industries

Other Food Products, Snack Foods

Website

www.wheaty.de/

Company Stage

Add-on

Total Amount Raised

Subscriber access only

TOPAS GmbH - financials

Fiscal Year EndedDec 31, 2015Dec 31, 2016Dec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024
Revenue (USD)5,953,552.3---------
% Revenue Growth (YoY)----------
EBITDA (USD)1,920,473.81,408,607.6497,410(767,943.6)(6,304.5)3,161,599.91,596,420.4---
Operating Income (USD)1,703,632.2900,421.5(35,286.9)(1,275,940.7)(483,379.2)2,725,124.31,209,059---
Operating Margin28.6%---------
% EBITDA Margin32.3%---------
NET Income (USD)1,241,032.3647,599.664,674.8(1,260,606.9)(462,603.6)1,371,958.71,232,997.8---
% Net Margin20.8%---------

TOPAS GmbH - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onAnnouncedTOPAS GmbH-

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