The France headquartered private dairy Bel Group and the USA based biotech start-up Climax Foods have announced a partnership to create a new generation of plant-based cheese. For this Bel has acquired an equity stake in the company. Bel aims to launch these new plant-based products in Europe and North America by the end of 2024. This will contribute to achieving the Bel Group objective to balance its portfolio with 50 percent of dairy products and 50 percent of plant-based/fruits products.