FDBusiness.com

EDEN SPRINGS CONFIDENT IN FUTURE GROWTH FOLLOWING SALE TO RHÔNE CAPITAL

 Breaking News
  • Deliveroo to Make All Staff Shareholders Deliveroo, the leading food delivery company, has announced that it is to make all of its employees shareholders in the company and give them equity. The move will mean all permanent staff, present and future, will be given share options in the company. The move will be worth nearly £10 million for the majority of the [...]...
  • China’s Yoghurt and Cheese Markets Experience Steady High Value Retail Sales Growth While the overall dairy market in China is growing stably, the various categories are experiencing differing performance. New research from Mintel reveals that yoghurt and cheese are the market’s winning categories in recent years with yoghurt maintaining an annual retail sales growth of over 20% since 2014. Meanwhile, the cheese category has seen a growth [...]...
  • Tetra Pak® Extrusion Wheel Produces Stick Ice Cream Products With Large Inclusions at Highest Capacity Tetra Pak has launched an Extrusion Wheel that produces stick ice cream products with large-sized inclusions, such as whole nuts, real fruit segments, or cookie dough chunks at highest capacity on the market. The Tetra Pak® Extrusion Wheel, which can be added to existing lines, uses an innovative vertical rotating design that moves continuously at a [...]...
  • New Machine is UK First Rigid box specialist the Pollard Group has installed a bespoke magnet and ribbon loop inserting machine, the first of its kind in the UK. The £150,000 investment at Pollard’s factory in Enderby, Leicester is operating in conjunction with the company’s recently-installed Kolbus DA260 Casemaker to form a highly automated book jacket production department. In particular [...]...
  • Hi Europe & Ni Celebrates 10th Edition With Inspiring Events Programme Europe’s leading health, natural and nutrition show, Hi Europe & Ni, is celebrating its 10th edition with a move to a larger hall at Messe Frankfurt this year. From 27-29 November 2018, visitors will be able to access all of the show’s many features and live events under one roof. In addition, the Healthy Finished Products Expo [...]...

EDEN SPRINGS CONFIDENT IN FUTURE GROWTH FOLLOWING SALE TO RHÔNE CAPITAL

EDEN SPRINGS CONFIDENT IN FUTURE GROWTH FOLLOWING SALE TO RHÔNE CAPITAL
June 17
08:46 2013

Eden Springs, Europe’s leading provider of water and coffee services in the corporate sector, has signed an agreement for the sale of its business to investment funds affiliated with Rhône Capital L.L.C. The acquisition is being made based on an enterprise value for Eden of circa €240 million.

Following the completion of the proposed transaction, the company’s existing management team, with support from Rhône Capital and its affiliates (“Rhône”), will continue to develop and grow the company, through investing in organic growth, developing new products and pursuing consolidation of complementary businesses.

Commenting on today’s announcement, Mr. Raanan Zilberman, Eden’s Chief Executive Officer who continues to lead the management team of the company, said: “We view the transaction as an opportunity to accelerate the company’s expansion plans. The business strategy, as outlined over the past years, which consists in further developing our full offering of water and coffee products and services, requires investment in marketing, equipment, business development and in acquisition of complementary companies. The company is also exploring entering new geographical markets and in particular Eastern Europe, where demand for mineral water is growing. We are pleased to partner with Rhône and are looking forward to implementing our shared vision, which we believe will benefit from Rhône’s experience in successfully building, and creating value in, businesses it has acquired.”

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • May 21, 2018London Int'l Wine Fair
  • May 22, 2018European Coffee Expo
  • June 1, 2018Gluten Free Expo Slovakia
  • June 3, 2018Vinoble
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements