NPM exits Dujardin

NPM's stake is being sold to the Haspeslagh family, which will wholly own the new merged entity. Ardo and Dujardin were both independently established by two brothers: Richard Haspeslagh founded Dujardin and Edouard Haspeslagh founded Ardo.

NPM originally acquired its stake in Dujardin in September 2007, partly through the purchase of Gimv's 12% stake in the business as well as a further capital injection.

Gimv had acquired its stake in Dujardin in March 2000, buying a 15% stake for €8.5m, according to unquote" data. Its shareholding in the company was reduced to 12% in 2004 due to a capital increase.

Ardo is a producer of frozen fruit and vegetables. The company, which was established in the 1950s, generated turnover of €607m in 2013 and employs around 3,000 staff.

Company
Originally founded in the 1980s, Dujardin is headquartered in Ardooie-Koolskamp with five production sites located in France, Belgium and the UK.

The company produces frozen vegetables, ready meals, herbs and ingredients. It claims to annually sell around 200,000 tonnes of products to the international retail, food service and industrial markets.

Dujardin employs 800 staff and recorded turnover of €213m in the year ending June 2013.

People
Rik Jacob is the CEO of Dujardin.

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• Topics
• Benelux
• Consumer
• Exits
• Belgium
• NPM Capital
• Trade sale