Valeo Foods

Last updated
Valeo Foods
Company type Private
Industry Food production, Food service
Founded2010
Headquarters Dublin, Ireland
Area served
90 countries globally
Key people
Ronald Kers (CEO)
Louis-Francois Gombert (CFO)
Products Biscuits, Healthy snacking, Savoury snacking, Home baking , Fruit preserves, Canned vegetables, Canned fish, Culinary ingredients, Condiments, Stocks, Meal ingredients, Mediterranean foods, Juice, Confectionery, Professional food ingredients, Out of home food and beverage solutions
Owner Bain Capital
Number of employees
4500
Website www.valeofoods.com

Valeo Foods is an Irish multinational producer of branded food and beverage products. The company has a portfolio of over 50 international food brands which are sold across 90 countries globally, including Rowse Honey, Odlums, Batchelors, Jacob's, Dolciaria Balconi, and Kelkin. The business combines food production, brand development, distribution and sales.

Contents

History

Valeo Foods was established in September 2010 through the merger of Batchelors, a manufacturer and retail category partner [1] of a number of Irish food and drink brands, and Origin Foods, the food division of Irish-based Origin Enterprises Plc which included the Odlums, Shamrock and Roma brands. [2] [3] [4]

In August 2011, the company acquired Jacob Fruitfield, a producer of biscuits, sauces and preserves, creating Ireland’s largest ambient food (shelf-stable food) supplier to the grocery trade and a supplier to the UK market. [5] In March 2014, Valeo Foods added Rowse Honey, the largest producer of honey and the category leader in the UK, to its brands. [6]

In June 2015, Valeo Foods announced its acquisition of Dolciaria Balconi, an Italian food producer that specializes in sponge cake, wafers and biscuits. [7]

On 28 July 2015, Origin Enterprises plc announced the disposal of its 32% equity interest in the consumer foods group Valeo Foods Group Limited to CapVest Partners LLP.

In August 2018, Valeo Foods announced completion of its acquisition of Tangerine Confectionery. [8]

In 2019, Valeo Foods sold Nimbus Foods Limited to the dairy company Meadow Foods Limited. [9] In 2019 Valeo bought Kettle, which makes crisps. In 2020 the company acquired It's All Good, which manufactures tortilla chips. As of 2021 Valeo was controlling 27 factories, manufacturing in Germany, the Netherlands, the Czech Republic, the United Kingdom and the Republic of Ireland. In 2021, CapVest sold Valeo Foods to Bain Capital for over €1.7 billion. [10]

Operations

Headquartered in Dublin, Ireland, the company operates from seven in-house manufacturing facilities located in Ireland, Italy and Great Britain, and additional offices in Dublin, Belfast, Oxfordshire and Milan. [11]

Products

Product brands, owned or distributed by Valeo Foods, include Odlums (flour and cereal), Chef (condiments), Roma (pasta and rice), Robert Roberts (coffee and tea), Kelkin (cereal products) and Shamrock (baking products). [4] [12] The Shamrock brand, for example, was established in Ireland in the 1950s and is used to market home baking products, including dried fruit, nuts and seeds. [13] Shamrock also provides "route-to-market services" for third-party food manufacturers. [14]

Related Research Articles

Glanbia plc is an Irish global nutrition group with operations in 32 countries. It has leading market positions in sports nutrition, cheese, dairy ingredients, speciality non-dairy ingredients and vitamin and mineral premixes. Glanbia products are sold or distributed in over 130 countries. While Europe and the USA represent the biggest markets, the Group are continuing to expand into the Middle East, Africa, Asia Pacific and Latin America. Glanbia's primary listing is on Euronext Dublin. The Group has four segments; Glanbia Nutritionals, Performance Nutrition, Glanbia Ireland and Joint Ventures & Associates, with a combined workforce of over 7,000 employees in 32 countries.

<span class="mw-page-title-main">Dole plc</span> Irish multinational food corporation

Dole plc is an Irish-American agricultural multinational corporation headquartered in Dublin, Ireland. The company is among the world's largest producers of fruit and vegetables, operating with 38,500 full-time and seasonal employees who supply some 300 products in 75 countries. Dole reported 2021 revenues of $6.5 billion.

Dixons Retail plc was one of the largest consumer electronics retailers in Europe, which merged with Carphone Warehouse in 2014 to create Dixons Carphone, which was renamed Currys plc in 2021. In the United Kingdom, the company operated Currys, Currys Digital, PC World, Dixons Travel and its service brand Knowhow.

<span class="mw-page-title-main">Kerry Group</span> Public food company headquartered in Ireland

Kerry Group plc is a public food company headquartered in Ireland. It is quoted on the Dublin ISEQ and London stock exchanges.

ARYZTA AG is a food business based in Zürich, Switzerland. It operates in Europe, Asia, Australia and New Zealand. It is incorporated in Switzerland and is listed on the SIX Swiss Exchange. It discontinued its listing on Euronext Dublin on 1 March 2021. The group is a major supplier in the specialty frozen bakery sector, and is a global supplier of baked goods to the food service, retail and quick service restaurant sectors.

<span class="mw-page-title-main">Diamond Shamrock</span> US oil refinery and gas station company

Diamond Shamrock is an American brand of gasoline stations under the ownership of the Valero Energy Corporation and is currently headquartered in San Antonio, Texas. The former company was established on December 1, 1967 when Cleveland-based Diamond Alkali merged with Shamrock Oil of Amarillo, Texas, creating the entity known as the Diamond Shamrock Corporation.

<span class="mw-page-title-main">Premier Foods</span> British food manufacturer

Premier Foods plc is a British food manufacturer headquartered in St Albans, Hertfordshire. The group owns many well-known brands, including Mr Kipling, Ambrosia, Bird's Custard, Angel Delight, Homepride cooking sauces, Lyons, Sharwood's, Loyd Grossman sauces, Oxo, Bisto, Batchelors and Plantastic. Premier Foods also produce cakes under the Cadbury's name, using the brand under licence. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Uniq plc was a British food manufacturer. Listed on the London Stock Exchange and once a constituent of the FTSE 100 Index, it was taken over by Irish foods conglomerate Greencore in 2011.

<span class="mw-page-title-main">Jacob's</span> Irish biscuits and crackers manufacturer

Jacob's is an Irish brand name for several lines of biscuits and crackers in Ireland and the United Kingdom. The brand name is owned by the Jacob Fruitfield Food Group, part of Valeo Foods, which produces snacks for the Irish market. The brand name is used under licence by United Biscuits, part of Pladis and by Mondelez International in Asia.

<span class="mw-page-title-main">Oatfield (confectioner)</span> Irish chocolate and confectionery manufacturer

Oatfield was a chocolate and confectionery manufacturer located in Letterkenny, County Donegal, Ireland. The company was the oldest confectionery manufacturer in Ireland.

The Jacob Fruitfield Food Group is a company that once produced food products in Ireland, but is now mainly a brand for imported foods targeted at the Irish market. It was formed by Fruitfield Foods' acquisition of the Republic of Ireland portion of Jacob's Biscuit Group in 2004 from Groupe Danone. The CEO and part-owner is Michael Carey. Other major shareholders include Lioncourt with a 36% stake.

<span class="mw-page-title-main">Odlums Group</span> Irish food processing and marketing company

Odlums Group is an Irish food processing and marketing company owned entirely by Valeo Foods, which is backed by Origin Enterprises and CapVest Limited, a European investment group. It manufactures and retails a number of products under the Odlums name as well as McCann's Steel Cut Irish Oatmeal.

Fox's Confectionery Ltd was an English confectionery company based in Braunstone, Leicester which was founded in 1880.

<span class="mw-page-title-main">Valeo Confectionery</span> British confectionery company

Valeo Confectionery Limited is a British confectionery company with its headquarters in Pontefract, West Yorkshire. Since 2006, it had grown through acquisitions into one of the largest independent confectionery companies in Europe before acquisition by Valeo Foods and the fourth largest sweet maker in the United Kingdom. The company has six factories: Blackburn, Blackpool, Cleckheaton, Liverpool, Pontefract and York.

<span class="mw-page-title-main">Dolciaria Balconi</span> Italian spongecake company

Balconi Dolciaria is a large Italian company specialized in the production of cakes made with sponge cake. Founded in 1953 as a simple artisanal pastry shop, created by pastry chef Michele Balconi, Balconi has a factory which covers an area of 20,000 square meters, employs 12,000 people and over 5,000,000 products are produced daily.

Boland's Bakery was the largest bakery in Dublin in the late 19th century. It was founded by the Boland family. The company sold a number of products such as bread, biscuits, cakes, confectionery and flour, although over the years biscuits became the company's main product. The original bakery was located close to Capel Street between Mary (Abbey) Street and Little Mary Street. The Boland family lived on Capel Street.

<span class="mw-page-title-main">Rowse Honey</span> British honey company

Rowse Honey Ltd is a United Kingdom honey supplier. Its products are stocked by major supermarket chains and other stores. They also supply Kellogg's with honey for use in breakfast cereals. Other products include lemon curd and maple syrup.

Chef Brown Sauce is a brown sauce established by the company "Chef" in the middle of the 20th century, after the brown sauce market had receded somewhat due to the lifting of certain ketchup production restrictions, but nonetheless managed to gain a foothold in the market. The ingredients include; Vinegar, Sugar, Apples, Barley Malt Vinegar, Water, Tomatoes, Modified Maize Starch, Oranges, Salt, Spices, and Colour: Caramel (E150D). The sauce is gluten free.

Capvest Limited is a European investment firm headquartered in London, United Kingdom, and is a mid-market private equity firm specialising in sectors which are characterised by non-discretionary demand.

References

  1. ↑ "Category Management". Archived from the original on 15 February 2011.
  2. ↑ "CapVest To Merge Origin Foods With Batchelors To Form Valeo Foods; To Hold 55% Stake". Reuters. 10 September 2010. Retrieved 20 August 2014.
  3. ↑ "Batchelors and Origin Foods merger announced". irishexaminer.com. Irish Examiner. 10 September 2010. Retrieved 27 October 2022. Batchelors and Origin Foods are to merge to form Valeo Foods [..] Origin Foods comprises three of Ireland's premier food brands Odlums, Shamrock and Roma
  4. 1 2 "Origin Enterprises in €87m Valeo Foods exit". irishexaminer.com. Irish Examiner. 29 July 2015. Retrieved 27 October 2022. Valeo — which owns a number of well-known Irish brands such as Odlums, Chef, Shamrock, Roma, Robert Roberts and Kelkin — was established in 2010, via the merger of Origin's consumer foods arm and Batchelors
  5. ↑ Percival, Geoff (9 August 2011). "Valeo Foods buys Jacob Fruitfield". Irish Examiner . Retrieved 22 August 2014.
  6. ↑ "Rowse honey buy to boost Valeo's UK presence". Just-food.com. 9 April 2014. Retrieved 22 August 2014.
  7. ↑ Mark Paul (6 May 2015). "Valeo to seal €200 million Italian deal". The Irish Times. Retrieved 6 November 2015.
  8. ↑ "Valeo Foods group acquisition - Tangerine". tangerineuk.net. 24 August 2018. Retrieved 3 November 2019.
  9. ↑ Mattison, Alec (9 October 2019). "Meadow Foods buys Valeo-owned Nimbus Foods". The Grocer. William Reed Business Media Ltd. Retrieved 19 February 2021.
  10. ↑ Ihle, John (11 May 2021). "Bain wins race to buy Valeo Foods for more than €1.7bn". Independent.ie. Retrieved 12 June 2022.
  11. ↑ "Valeo Foods on". Top1000.ie. 14 May 2014. Retrieved 22 August 2014.
  12. ↑ "Our Brand Heritage". valeofoodsgroup.com. Valeo. Retrieved 6 November 2022.
  13. ↑ "Supporting Quality - Participating Brands - Shamrock Dried Fruit". siptu.ie. Retrieved 27 October 2022.
  14. ↑ "Origin Enterprises plc" (PDF). originenterprises.com. Retrieved 27 October 2022. Shamrock Foods owns two of Irelands established food brands, Shamrock and Roma. In addition the company provides extensive route-to-market services for food manufacturers
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.