Valeo Foods hits €1bn in sales with acquisition of UK snack maker
"The acquisition of IAG is consistent with our ambition of creating a global food business with an exceptional portfolio of leading food brands and products in attractive categories," said Valeo CEO Seamus Kearney. "We want to remain at the forefront of consolidation in the ambient food sector in Europe and we will continue to seek out further exciting opportunities for growth." The IAG deal follows 2019's acquisitions of Kettle Foods, the UK-based premium snack maker, and Mathew Walker, a seasonal dessert maker. The same year Valeo sold Nimbus Foods, a non-core business that manufactured top...
Source: independent.ie