FDBusiness.com

Valeo Foods Expands Confectionery Portfolio in €100 Million Deal

 Breaking News
  • Nestlé Inaugurates New Nescafé Dolce Gusto Production in Vietnam Nestlé has inaugurated a new Nescafé Dolce Gusto capsule production line in Dong Nai Province, Vietnam. The site will process an expected 2,500 tons of coffee per year (equivalent to 130 million capsules), using high quality coffee beans from Vietnam. This volume is expected to increase in the coming years. The investment reflects Nestlé’s clear focus on high-growth, [...]...
  • Pink Lemonade Yogurt? Arla Brings Indulgence to New Markets Arla Foods is to expand its successful Finnish brand, Ihana, into new markets with the premium yogurt range being launched in Denmark and the UK. Meaning ‘wonderful’ in Finnish, Ihana was launched through an extensive brand launch in 2016 in Finland with an iconic new design. Indulgence is one of the few areas in growth within [...]...
  • Process Components Announces Kemutec Expansion into Netherlands Process Components has announced the expansion of subsidiary company Kemutec in Europe, with the long-established manufacturing brand opening a new office in the Netherlands. The move forms a key part of its global strategy to extend its global territories, significantly grow its revenues and create new jobs. Kemutec has more than three decades’ worth of heritage in [...]...
  • Packaging Automation Supports the Reduction in Plastic Packaging Waste With the launch of the UK Plastics Pact to address the impact plastic waste is having on the environment, retailers and manufacturers are more conscious of single use and non-recyclable plastics and want to cater for the green consumer. The industry is turning to various kinds of eco-friendly packaging with the aim of reducing plastic [...]...
  • Glanbia Cheese Joint Venture to Build New €130 Million Mozzarella Cheese Facility Glanbia Cheese, the joint venture business between Glanbia plc and Leprino Foods, plans to build a new, world-class mozzarella cheese manufacturing facility in Portlaoise, County Laois, Ireland. A site for the new facility has been identified at the recently established Togher National Industrial Estate in Portlaoise. A total of €130 million will be invested in [...]...

Valeo Foods Expands Confectionery Portfolio in €100 Million Deal

Valeo Foods Expands Confectionery Portfolio in €100 Million Deal
January 02
09:42 2018

Valeo Foods Group has acquired the Confectionery Division of Raisio which includes a portfolio of established, iconic and growing confectionery brands such as Fox’s Glacier Mints, XXX Mints, Poppets, and Pedro. The acquisition of these food businesses, which employ over 1,000 people, is consistent with Valeo Foods’ strategic focus and offers significant opportunities for future growth.

The acquired businesses operate six production facilities between the UK and the Czech Republic, and in addition to the consumer brands, have significant and growing private label, contract manufacturing and food ingredient operations. These service an established customer base across most European markets, Asia, Australasia and North America that includes many leading global food manufacturers and grocery retailers. In January-September 2017, net sales for Raisio’s confectionery business totalled €71.3 million and EBIT was €6.4 million. The deal has an enterprise value of €100 million

Valio Foods was formed in 2010, following the acquisition and merger of Origin Foods and Batchelors, two of Ireland’s most successful branded consumer food companies. Since then, Valeo Foods has successfully completed multiple acquisitions across Ireland, the UK and Continental Europe, to expand its portfolio of market leading products and brands that includes Jacob’s, Rowse and Balconi.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements