Waterland invests in Unimar

With Waterland's support, the company will continue its growth strategy of entering new markets and bolstering its position in the Benelux region.

Unimar managing directors Patrick Dermaut and Robert Huygh are the other shareholders of the group.

Company
Founded in 1989, Unimar is headquartered in Erpe-Mere in Belgium with an additional office in Meppel, the Netherlands. The company, which trades under the name Diversifoods, is a supplier of "bake-off" bakery products, predominantly deep-frozen bakery products.

Unimar provides its products to the retail and wholesale sectors, as well as commercial and social catering businesses within the food services industries.

The company generates turnover of €73m and employs 50 staff.

People
Dirk De Pandelaere is the CEO of Unimar, while Patrick Dermaut and founder Robert Huygh are the company's managing directors. Frank Vlayen is the managing principal for Belgium at Waterland.

Advisers
Equity – PwC (Corporate finance); Argo Law (Legal).
Company – Van Reybrouck Accountants (Financial due diligence, tax).

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• Topics
• Benelux
• Expansion
• Consumer
• Belgium
• Waterland Private Equity