 |
|
|
 |
|
| 22/07/2008 |
|
| Lion Capital Buys Foodvest |
|
 |
|
Parent company of Young’s Seafood/Findus sold in major deal.
It has been agreed today that private equity firm, Lion Capital will acquire the Foodvest Group from funds advised by CapVest Ltd.
Foodvest is a major European food group with operations in the UK, Scandinavia, France and a growing presence in Central and Eastern Europe. The company has more than 6000 employees across 20 facilities in 5 countries and in 2007 generated over £1.0 billion of turnover.
In the UK Young’s is the leading branded producer and distributor of seafood, with a 200 year old heritage of selling a wide range of high quality seafood products - both chilled and frozen - in retail and foodservice channels. Its market-leading products are staples of the British diet and include the Young’s Chip Shop range and Young’s Admiral’s Pie, the UK’s best-selling ready meal.
Findus is the leading, branded frozen food manufacturer in Scandinavia, with market leadership in Sweden, Norway and Finland within each of the frozen ready meals, fish and vegetables segments in which it operates. Findus also has a strong presence in France, where it has the strongest brand recognition of any frozen food brand.
The Seafood Company is a leader in the production of chilled, private-label seafood products in the UK, selling to all of the major UK multiples. It is Europe’s biggest processor of farmed Atlantic salmon. |
|
|
Back to Archived news page...
|
|
|
|
|
|
