Verium-backed Tavola acquires Frische und Service

The Tavola holding company already wholly owns Switzerland-based Mediterranean food products producer Ceposa, which Verium acquired in May 2018.

The deal was structured as a capital increase for Tavola, financed by its existing shareholders.

Verium said in a statement that Ceposa and Frische und Service will now form equal parts of the holding company Tavola. Both companies will continue to operate independently. Ulrike Weisshaar will join Tavola’s board and has reinvested in the business, according to the same statement.

Tavola will now employ a total of 260 staff at its production sites in Wiesentheid, Germany, and Kreuzlingen, Switzerland.

Company
Founded in 1998 by Otto Weisshaar, Frische und Service produces Mediterranean starters and food for sale by food retailers and wholesalers, as well as for use in catering and gastronomy. Based in Wiesentheid, the company has 200 employees.

According to its latest annual financial report, Frische und Service reported revenues of €24.8m in 2018, of which almost €15.7m were generated in Germany. The company experienced turnover growth of 25% in 2018 and expected to see growth of 10% in 2019. It reported gross profit of €9.5m in 2018, compared with almost €8.4m in 2017.

People
Verium – Marc Erni (managing partner).
Ceposa – Matthias Geyer (CEO).
Frische und Service – Gerhard Boncila (managing director, sales), Ulrike Weisshaar (managing director).

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• Topics
• Expansion
• DACH
• Consumer
• Build-up
• Acquisition finance
• Switzerland