Parcom Capital acquires Greencore Continental
Parcom Capital has reached agreement with Greencore Group on the acquisition of Dutch chilled food specialist Greencore Continental.
The investment of an undisclosed amount was made through the Parcom Buyout Fund IV. Greencore Group will use the proceeds from the sale to repay some of its debt.
Greencore Continental is a manufacturer of convenience food products such as pizzas, sandwiches, ready meals, etc. The company primarily focuses on customer branded products, and operates from sites in Liessel and Alphen. Greencore Continental posted a €58.2m turnover for 2009.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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