We remain very much on track to meet our strategic aims of focusing on our core businesses and improving our operational performance.”Ian Ainsworth, managing director of Valeo Foods UK, said: “The strength of Matthew Walker’s market leadership combined with the strong consumer demand for its high-quality products make the business and its brands a great addition to our existing Valeo UK growth platform to sit alongside our wider portfolio of products including our very successful Rowse Honey brand.Employing around 200 people at its manufacturing facility in Derbyshire, Matthew Walker produces Christmas puddings, seasonal sponges, cakes and free-from desserts for the retail and foodservice channels.Valeo Foods Group has agreed to acquire UK-based Bakery Foods, trading as Matthew Walker, from 2 Sisters Food Group for £67 million. It has 186 production plants, 59 R&D centers and 15 distribution platforms.
Sky News has learnt that Valeo Foods Group, which owns brands including Rowse honey and Barratts confectionery, is in advanced talks to buy Kettle Foods' operations in the UK and Ireland.
The business combines food production, brand development, distribution and sales.
Valeo is a French global automotive supplier headquartered in France, listed on the Paris Stock Exchange (CAC-40 Index). Valeo Foods Group has quadrupled in size since its formation in 2010. The company has a portfolio of over 50 international food brands which are sold across 90 countries globally, including Rowse Honey, Odlums, Batchelors, Jacob's, Balconi, and Kelkin. Valeo Foods produces and sells over six hundred million units a year from its state-of-the-art manufacturing facilities across Ireland, the UK and Continental Europe. Company status Active Company type Private limited Company Incorporated on 13 February 2014.
The Group employs 113,600 people in 33 countries worldwide.
City sources said Valeo had been in exclusive talks with Kettle's advisers at Barclays for several weeks.Last week, Campbell announced the sale of Tim Tam, a well-known biscuit brand in Australia, to the buyout firm KKR in a deal worth $2.2bn.Monday 12 August 2019 19:06, UKValeo is owned by funds managed by Capvest, a private equity firm which has become a serial investor in branded consumer businesses.The deal, which could be struck in the coming days, is expected to be worth more than £50m, although the exact price was unclear on Monday.Sky News has learnt that Valeo Foods Group, which owns brands including Rowse honey and Barratts confectionery, is in advanced talks to buy Kettle Foods' operations in the UK and Ireland.In turn, Kettle had previously been bought from Diamond Foods, another US-based group.The US-based company has also sold Kelsen, a snack brand, to the Italian food company Ferrero for $300m.The Irish-based company, which had a turnover last year of €870m, has four principal divisions: Ireland, the UK, Europe and confectionery.A spokesman for Valeo Foods declined to comment.Campbell has only owned Kettle since 2018, when it acquired Snyder's-Lance, the brand's parent.The last of those was established with the purchases of Big Bear and Candy Plus in 2017, and strengthened last year with the purchase of Tangerine, which owned sweets brands including Refreshers and Sherbert Fountan.Another brand, Yellow Chips, is also part of the Kettle division in the UK.Sources said that if completed, the Kettle business would form the basis of a new snacking division at Valeo.An Irish food company which has led a prolific takeover spree during the last decade is closing in on its latest corporate snack: the purchase of brands including Kettle crisps and Metcalfe's Skinny Popcorn.Kettle's business in the UK and Ireland was put up for sale earlier this year following pressure on its owner, Campbell Soup, from the prominent activist investor Third Point.The flurry of takeovers involving well-known food brands underlines the search for products with significant growth potential in a fast-changing environment dominated by consumers' growing desire for healthier products.Its prospective deal with Valeo does not include Kettle Foods assets in the US or in other markets outside the UK and Ireland.In the UK, other upmarket potato crisp brands such as Tyrrell's and Pipers have also changed hands, with new owners Intersnack and PepsiCo respectively acquiring them. Valeo Foods is a pan-European producer of branded food and beverage products.
It supplies a wide range of products to automakers and the aftermarket. We are Growing.
Valeo Foods Group is one of the market’s fastest-growing consumer foods producers and is at the forefront of ambient food consolidation in Europe with the successful acquisition and integration of 16 category-leading businesses since 2010.
Accounts.
We have achieved this through acquisition, integration and a relentless focus on innovation in everything we do.
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who owns valeo foods