Valeo Foods

Last updated
Valeo Foods
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 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 based in Ireland, Italy and the United Kingdom, 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]

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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
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