Valeo Meals and Confectionery got by Bain Capital
Valeo Meals Neighborhood, which contains British classic confectionery producers Barratt, Fox’s, Poppets and XXX Solid Mints in its portfolio, has been offered, self-discipline to approval, to Bain Capital Non-public Equity.
Established in 2010 and headquartered in Dublin, Eire, Valeo’s portfolio additionally entails iconic producers fancy Jacobs, Rowse, Kettle, Odlums, and Balconi, many of which get histories that stretch lend a hand as a long way as 150 years.
The corporate serves 106 markets globally, produces bigger than 400,000 tonnes each yr all over its 24 manufacturing amenities, and employs bigger than 4,000 of us. Seamus Kearney, Neighborhood CEO of Valeo Meals, will continue to steer the industry with the reward management team.
Valeo has expanded with out warning with annual gain gross sales of roughly €1.1bn ($1.34bn) for the 12 months by technique of to March 2021, from now not up to €200m in 2010. It got Tangerine Confectionery in 2018.
Seamus Kearney, Neighborhood CEO of Valeo Meals, talked about: “This transaction is a actually particular reflection of the usual of our industry and all of our of us. It is additionally testament to the passion and dedication CapVest, our management team and all of our colleagues get shown in constantly turning in handiest-in-class meals products to our prospects and customers all over our 106 markets.
“Bain Capital’s deep details and heritage in innovation and investment in the meals and grocery sectors blueprint right here’s wide news for our industry and our of us. We’re very enraged to work alongside the Bain Capital team as we continue our traipse and pursue our ambitious plans for extra growth in the long flee.”
Key player
Nigel Walder, a Managing Director at Bain Capital Non-public Equity, talked about: “Valeo Meals has been developed correct into a key player in the European meals industry by a proficient and heroic team. We predict Valeo has extra skill to grow deal, both organically and by technique of acquisitions, and look forward to partnering with Seamus and his team to tempo up that growth trajectory and extra consolidate the Firm’s position as a main world meals industry.”
The transaction remains self-discipline to approvals by competent regulatory authorities; monetary particulars get now not been disclosed.