BELGIUM – AXA PE acquires Sfinc from Gimv

Sfinc was founded in 2004 as result of a merger between Belgian companies Rejo and Pellicula. The company produces and distributes spices, marinades and functional food ingredient blends for food processing companies. In 2007, Sfinc completed the acquisition of three complementary businesses: Maes Specerijen, Surplus, and FFI in the Netherlands.

Gimv originally took a majority share in the company in 2004, alongside buy-in manager Chris De Wolf. Over the course of the investment company turnover has increased from EUR 15 to EUR 35m.

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• Topics
• Buyouts
• Benelux