Valeo Foods Buys Bulgaria Snacks Business Prestige-96

Credit: Valeo Foods

Ireland’s Valeo Foods has renewed its thirst for acquisitions pinch nan acquisition of Prestige-96 successful Bulgaria.

The woody for nan biscuits, wafers and mini-cakes shaper has been struck for an undisclosed sum successful what Bain Capital-backed Valeo said is its eighth M&A transaction since 2022.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to scope engaged professionals crossed 36 starring media platforms.

Find retired much

“Prestige reinforces nan company’s ambition to fortify its position arsenic Europe’s starring sweet-treats champion,” Valeo said successful a connection coming (19 March).

“The acquisition besides creates caller pathways to grow into adjacent snacking categories and broadens Valeo Foods Group’s world footprint by leveraging nan export strengths of some organisations to turn successful existing and caller markets.”

Founded successful 1996, Prestige owns a big of brands including Naya, Hyper, Mirage and Roden Kray. The guidance squad and workers astatine Prestige, which employs 450 staff, will stay successful place.

Valeo CEO Ronald Kers said: “By combining Prestige’s class expertise pinch nan standard of nan Valeo Foods’ network, we spot important opportunities to accelerate growth, grow into caller markets, and bring moreover much loved products to consumers crossed Europe.

“This acquisition is simply a clear finance successful agelong term, sustainable growth, adding capabilities that people heighten our halfway business.”

The Irish business generates yearly revenues of astir €2bn ($2.3bn). A action of its brands includes Balconi cakes, Barratt sweets and Pedro confectionery, Mila wafers and Rowse Honey.

Darina Stoyanova, nan CEO of Prestige, said: “By combining Prestige’s overmuch loved brands pinch Valeo Foods’ world standard and capabilities, we spot tremendous imaginable to turn our business, scope caller markets and proceed delivering nan products consumers love.”

Just Food has asked Valeo for much specifications connected Prestige’s turnover, manufacturing operations and markets presence.

Bain Capital bought Dublin-based Valeo from chap investor CapVest successful 2021. It has since built up its portfolio done M&A.

Deals struck past year see Melegatti 1894 and Freddi Dolciaria successful Italy.

In 2024 it bought IDC Holding successful Slovakia, Appalaches Nature successful Canada and Dal Colle, besides successful Italy. Canadian maple syrup shaper Les Industries Bernard & Fils was added successful 2022.