CapVest's Valeo buys Raisio's confectionery brands for €100m

The transaction, which is the ninth acquisition made by Valeo since its foundation in 2010, comprises the acquisition of Big Bear Confectionery, Nimbus Foods and Candy Plus.

Following the deal, the consolidated group will generate revenue of €800m, according to a statement. Valeo's existing brands include Balconi, Rowse, Jacob’s, Batchelors and Odlums.

Valeo was founded by CapVest in 2010, following the acquisition of Batchelors and Origin Foods, previously a division of AIM-listed Origin Enterprises. The following year, the group acquired Jacob Fruitfield Food Group, before bolting on UK honey brand Rowse in 2014. In April 2017, Valeo acquired Italian bakery business Dolciaria Val d’Enza from buyout house Alto Partners.

Company
Raisio's confectionery division comprises UK-based Big Bear Confectionery and Nimbus Foods, in addition to Czech Republic-based Candy Plus. Its brands include Fox’s Glacier Mints, XXX Mints, Poppets and Pedro. The divisions generate annual sales of around €100m, according to the statement, with six manufacturing facilities across Ireland, the UK and continental Europe.

People
Valeo Foods – Seamus Kearney (CEO).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• Ireland
• CapVest Equity Partners
• Build-up