FDBusiness.com

EDEN SPRINGS CONFIDENT IN FUTURE GROWTH FOLLOWING SALE TO RHÔNE CAPITAL

 Breaking News
  • Deliveroo, Costa Coffee and BrewDog are the UK’s Fastest Growing Brands Deliveroo, Costa Coffee and BrewDog are growing in value faster than any other UK brands, according to the 2019 BrandZ™ Top 75 Most Valuable UK Brands, announced by WPP and Kantar. Vodafone remains the UK’s most valuable brand, worth US$26.5 billion (£21.5 billion), followed by HSBC and Shell. Deliveroo, at no.50 after increasing its value 54% [...]...
  • Arla Foods Ingredients Obtains GRAS Approval For Alpha-lactalbumin in Infant Formula Arla Foods Ingredients has obtained Generally Recognized as Safe (GRAS) approval relating to its use of alpha-lactalbumin in infant formula. The US Food & Drug Administration (FDA) issued the company with a GRAS Notice known as a ‘no objection letter’. It states that it has no questions regarding the safety of fractionated whey protein concentrate [...]...
  • Java Republic is ‘Beverage Company of the Year 2019’ in Ireland Java Republic won the award of Beverage Company of the Year at the recent 2019 Food & Drink Business Awards. These prestigious awards celebrate the very best in food and drink manufacturing, retail, and food service across the island of Ireland. The Awards recognise the very best in the industry across 18 categories. For Java Republic winning Beverage [...]...
  • First Half Profits Fall at Bakkavor Group Bakkavor Group, the leading provider of fresh prepared food in the UK with a growing international presence in the US and China, has reported a sharp fall in operating profit to £29.3 million for the 26-week period ended 29 June 2019, compared to £54.1 million in the prior period. Group revenue was up 1.4% at [...]...
  • Norwegian Salmon Ranked Most Sustainable Among World’s Largest Protein Producers Norwegian aquaculture companies hold four out of the top 10 spots in the 2019 Coller FAIRR Protein Index, ranking 60 of the world’s largest publicly-listed protein producers on how they perform on sustainability. The Index looked at how the world’s largest producers of meat, dairy and seafood performs on various risk factors relating to sustainability. The [...]...

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

  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements