Valeo Foods Group Completes Acquisition of Tangerine Confectionery
We have completed the acquisition of Tangerine Confectionery, one of the U.K.’s leading independent manufacturers and distributors of family-favourite confectionery. Tangerine is home to well-known brands such as Barratt, Taveners, Jamesons and Princess. A market-leader in the U.K., the business has also developed a growing international presence across Australia, Canada, Scandinavia, the US and the Middle East. The company employs approximately 1,200 people across five sites in the North of England. As is standard practice in the case of transactions of this scale, Valeo Foods will engage with the Competition and Markets Authority in the U.K. to secure competition clearance for this acquisition.
Commenting on the transaction, Seamus Kearney, said: “We are very excited about the acquisition of Tangerine which is in line with our strategic focus and builds on our recent acquisition of Big Bear Confectionery and Candy Plus in 2017. Tangerine is highly complementary to these confectionery businesses, with a focus on largely different technologies, channels and customers. We look forward to adding Tangerine’s iconic brands to our growing portfolio of category-leaders.”