Valeo Completes Consolidation in Irish Consumer Foods Market
November 30
14:50
2010
Valeo Foods Group has completed the simultaneous acquisitions of the branded food businesses of Origin Enterprises for an enterprise value of Eur78m and the Irish food company Batchelors for an undisclosed price from private equity firm CapVest. Irish agri-nutrition group Origin Enterprises holds a 45% stake in Valeo Foods with CapVest owning the balance.
The newly created Valeo Foods has proforma turnover of about Eur200m and incorporates five of Ireland’s premier food brands – Batchelors, Erin, Odlums, Shamrock and Roma Valeo will be ideally positioned to participate in further brand consolidation in the Irish consumer food market.
