CapVest acquires Batchelors and establishes Valeo Foods
CapVest has teamed up with AIM-listed Origin Enterprises to create new Ireland-based Valeo Foods in order to acquire Irish food company Batchelors.
The value of the transaction has not been disclosed but CapVest will hold a 55% stake in Valeo with Origin holding the balance.
The new group will combine the businesses of Origin Foods, the food division of Origin Enterprises, together with Batchelors. Valeo will feature a diversified portfolio of Irish consumer food brands, including Odlums, Shamrock, Roma, Batchelors, Erin Sqeez and Lustre.
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 Emanuel Eftimiu on +44 20 7004 7464 or emanuel.eftimiu@incisivemedia.com
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