Valeo Foods Group Completes €100 Million Acquisition of Raisio PLC’s Confectionery Division
We recently acquired the confectionery division of Raisio which includes a portfolio of established, iconic and growing confectionery brands such as Fox’s Glacier Mints, XXX Mints, Poppets, and Pedro. The acquisition of these food businesses, which have combined annualised sales of approximately €100 million and employ over 1,000 people, is consistent with Valeo Foods’ strategic focus and offers significant opportunities for future growth. The acquired businesses operate six production facilities between the UK and the Czech Republic, and in addition to the consumer brands, have significant and growing private label, contract manufacturing and food ingredient operations. These service an established customer base across most European markets, Asia, Australasia and North America that includes many leading global food manufacturers and grocery retailers.