FDBusiness.com

Bridgepoint Acquires Turkish Snacks Business

 Breaking News
  • Arla Foods Achieves Record Organic Revenue Growth in 2017 Strong performances by Arla Foods’ global brands, its international markets, and the ingredients business ensured a year of high growth for international dairy co-operative Arla Foods in 2017, as it delivered a 27.4% increase in pre-paid milk price to its farmer owners, and a net profit of 2.8% of revenue within its target range. This was [...]...
  • Solid 2017 Performance From Kerry Group Kerry Group, the global taste, nutrition and consumer foods business, has reported a 4.5% increase in revenue to €6.4 billion for the year ended 31 December 2017, reflecting strong volume growth offset by adverse currency movements. Group trading profit increased by 4.2% to €781.3 million. Kerry Group’s Taste & Nutrition business reported revenue increased by 5.7% [...]...
  • DSM to Exclusively Market BIOMILK 300 Residual Lactose Analyzer DSM, a global science-based company active in health, nutrition and materials, will exclusively market BIOMILK 300, a compact residual lactose-analyzing device produced by BIOLAN, as from February 2018. For dairy producers, the BIOMILK 300 is a fast, cost-effective, and accurate analyzer for quantifying residual lactose levels in lactose-free and lactose-reduced dairy products. Consumers are increasingly aware [...]...
  • Food & Drink Innovation at Forefront of UK’s Largest Packaging Show Innovation will take centre stage when the UK’s largest packaging event, Packaging Innovations, Empack and Label&Print 2018, returns to the NEC later this month. In its most innovative show to date, visitors will be able to discover the latest cutting-edge products and new industry developments, alongside more sustainable packaging than ever before. Highlights include: Colpac will be [...]...
  • EU Agri-food Exports are Holding Strong The value of EU agri-food exports reached €137.9 billion in 2017, corresponding to a sustained increase by 5.1% in value terms compared to 2016. Published by the European Commission, the latest monthly trade report details the export values for different sectors and origin. Major gains in annual values have been achieved in agri-food exports to the USA [...]...

Bridgepoint Acquires Turkish Snacks Business

Bridgepoint Acquires Turkish Snacks Business
June 02
09:58 2016

Peyman, the Turkish packaged dried fruit, nuts and seeds producer, has been acquired by private equity firm Bridgepoint for an undisclosed sum.

Established in 1995 and headquartered in Istanbul, Peyman is a leading FMCG player in the Turkish snacks market focusing on the highest growth sub-segment – dried fruits, nuts and seeds (‘DFNS’) – an essential part of Turkish diet and culture. Turkey is amongst the largest producers and consumers of DFNS globally, with the segment estimated to be worth over €2 billion a year in Turkey alone.

Peyman has a well-established brand presence in independent convenience stores, Turkey’s traditional retail channel, and a growing presence in supermarket chains. It has built brand awareness through innovative product initiatives, such as introducing zip-lock packaging, thereby contributing to a consumer shift from unpackaged, bulk product to branded package consumption in the DFNS segment. Peyman also exports to more than 30 countries, primarily in the Middle East, Balkans and central Asia.

Turkey offers one of the most attractive FMCG markets globally due to the size of its economy, its growing population, positive drivers such as increasing disposable incomes and a growing middle class, and the growth of healthy snacking.

Martin Dunn, the partner responsible for Bridgepoint’s investment activities in Turkey, says: “Peyman is a rapidly growing market leader capable of transforming into a larger and broader snack brand. With fresh capital and additional consumer expertise from Bridgepoint, Peyman will be able to accelerate growth, both in its traditional convenience store marketplace and by developing new brands and innovative products.”

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • February 25, 2018fish international
  • February 27, 2018Warsaw Gastro Show
  • February 27, 2018Int'l Food Fair
  • February 28, 2018GAST
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements