Company’s brands include Jacob’s, Rowse, Kettle, Odlums, Barratt, Batchelors and Balconi
Bain Capital Private Equity is acquiring Dublin based ambient food company Valeo Foods from CapVest Partners.
Valeo Foods’ owns more than 50 international brands including Jacob’s, Rowse, Kettle, Odlums, Barratt, Batchelors and Balconi. The company is also a significant producer of private label products and has long-standing relationships with all major retailers.
Valeo Foods has expanded rapidly and grown annual net sales to approximately €1.1 billion for the 12 months through to March 2021, from less than €200 million in 2010. Today, the company serves 106 markets globally, produces more than 400,000 tonnes annually across its 24 manufacturing facilities, and employs 4,500 people.
The company’s chief executive Seamus Kearney will continue to lead the business with the existing management team.
Houlihan Lokey provided financial advice to Boston-based Bain Capital Private Equity.
Earlier this year, Valeo Foods acquired German confectioner Schluckwerder, famous for its Lübeck marzipan sweets.
Date published: 13 May 2021