Valeo Foods Group Sells Its Irish Business to Former Executive-Led Consortium
Valeo Foods Group has sold its Ireland business to a consortium led by former executive Hilliard Lombard. The move aligns with the company's strategy to focus on sweet treats, including biscuits and confectionery products. Valeo’s Irish operations include four manufacturing sites in Ireland, along with logistics and office facilities. The sale includes well-known brands such as Batchelors baked beans, Chef beetroot, and Odlums flour. While financial terms were not disclosed, the transaction is part of a broader portfolio optimization effort by Valeo Foods Group. The company also plans to maintain a commercial relationship with its former Irish business for brand distribution in Ireland. Hilliard Lombard has previously led acquisitions through his investment vehicle BiaVest and other partnerships, including recent purchases in dairy, coffee drinks, pasta, and yogurt sectors.
Topics: Food Industry M&A Portfolio Optimization