FDBusiness.com

Bel Group Aims to Create a Major Global Player in Healthy Snacks

 Breaking News
  • UK Grocery Prices Rising at Fastest Rate in Four Years The latest grocery market share figures from Kantar Worldpanel, for the 12 weeks to 5 November 2017, show UK supermarket sales have increased in value by 3.2% year-on-year in the run up to Christmas. Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, explains: “Volume sales have increased by less than 1%, meaning it’s [...]...
  • Alcohol Minimum Unit Pricing to Go Ahead in Scotland The UK Supreme Court has ruled that minimum unit pricing for alcohol, which was passed overwhelmingly by the Scottish Parliament in 2012, can now proceed. Scottish Health Secretary Shona Robison has welcomed the decision and confirmed she intends to make a statement to Parliament shortly, setting out the Scottish Government’s next steps. Following the unequivocal backing [...]...
  • GEA Brings Together Technologies to Supply Extended Production Line For BMI GEA has recently been selected to supply an extended pasta filata cheese production line for BMI in Jessen, Germany. With this exemplary project GEA brings together its joint cheese-making expertise, resulting from its acquisition of de Klokslag and CMT in 2014 and 2015 respectively, with GEA’s flow and processing experience to provide a single offering for this [...]...
  • Bosch Packaging Technology Wins German Design Award 2018 The Sigpack VPF (Vertical Platform for Flat Pouches), the first freely scalable flat pouch machine from Bosch, has been honoured with the German Design Award 2018 in the Excellent Product Design category. The German Design Council presents the prestigious award on an annual basis. The German Design Award is the second prestigious accolade for the [...]...
  • Premier Foods Returns to Revenue Growth Premier Foods, the UK convenience food group, has reported group revenue of £353.3 million for the 26 weeks ended 30 September 2017 – an increase of 1.5% on the prior period – with Branded revenue in line with last year at £295.4 million while Non-branded revenue increased by 10.1% to £57.9 million. Group reported half year [...]...

Bel Group Aims to Create a Major Global Player in Healthy Snacks

Bel Group Aims to Create a Major Global Player in Healthy Snacks
October 25
11:47 2016

Bel Group, the French cheese processor, has acquired a 65% shareholding in MOM Group with the aim of creating a major global player in the healthy snacks segment, based on strong and innovative brands, and very highly complementary product ranges and territories. Under the agreement, Bel will become MOM’s majority shareholder, while MOM’s management will hold the remaining 35%.

The MOM Group, majority owned by private equity firm LBO France since 2010, has achieved rapid business growth in France and the United States. While building on its historical Materne® and Mont Blanc® brands sold in France, the MOM Group has developed the fruit squeezers category and established strong leadership positions with its Pom’Potes® brand in France and its GoGo squeeZ® brand in the United States. Over the past five years, MOM has doubled in size, achieving sales of €362 million in 2015. The company employs 1,300 people and owns four production sites, including two in France and two in the United States.

The transaction provides a unique opportunity for MOM to accelerate its growth supported by Bel’s international presence.

Antoine Fiévet, chairman and chief executive of Bel Group

Antoine Fiévet, chairman and chief executive of Bel Group

The deal values the MOM Group at €850 million. The transaction will be financed by Bel’s own financial resources and a €500-million debt issue. The Bel Group’s financial position will remain strong upon completion. A liquidity agreement will allow Bel to acquire 100% of MOM’s share capital by April 2022.

Completion of the deal remains subject to the approval of French and US competition authorities, who are expected to rule by the end of the year.

Antoine Fiévet, chairman and chief executive of Bel Group, says: “This transaction alongside the MOM Group managers represents a historical opportunity for Bel to assert its leadership as a major player in the healthy snacks segment, in line with the directions that we have set for the coming years. At MOM, as at Bel, the strategic relevance of the deal and the range of growth opportunities it creates are clear to everyone. We are all very eager to begin our collaboration and to launch this new growth phase, which is very exciting for all the teams.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • November 28, 2017Fi Europe
  • December 4, 2017Plastics and Paper in Contact with Foodstuffs 2017
  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements