Valeo Foods completes acquisition of Campbell’s crisps business in Europe

IRELAND – Irish food group, Valeo Foods has closed the acquisition of European chips business from the Campbell Soup Company for approximately US$80 million. The acquisition, which was announced in September this year, includes Kettle Foods Limited in the United Kingdom and Yellow Chips B.V., which is based in The Netherlands. Under the terms the deal, Campbell will retain ownership of the Kettle brand and its operations in the US and other geographies while Valeo will be taking command of the snack brands sold across the UK, Europe and the Middle…

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Valeo Foods acquires Campbell’s European crisp business for US$80m

EUROPE –  Irish food group, Valeo Foods has entered into an agreement with Campbell Soup Company to acquire its European crisp business for approximately €73 million (US$80 million) Under the agreement, Valeo will acquire Campbell’s Kettle Foods Limited – which manufactures and distributes hand cooked crisps under the Kettle, Go Pure and Metcalfe’s Skinny Popcorn brands- and its sister company Yellow Chips.  Campbell will retain ownership of the Kettle brand and its operation in the US and other geographies, with Valeo taking command of the snack brands sold across the UK,…

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Valeo Foods Group in talks to acquire Campbell’s snacks brands

IRELAND – Irish food group, Valeo Foods is in exclusive talks with Campbell Soup to buy the company’s Kettle Foods business in UK and Ireland for about US$60million (€54 million). Earlier this year, Campbell hired Barclays to sell the global operations of Kettle after pressure from an activist shareholder, which pushed for the disposal of non-core assets to cut debt and reduce costs. However, the Seamus Fitzpatrick backed Irish food group buyout talks are believed to exclude Kettle’s operations outside of the UK and Ireland. In addition to its flagship…

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Kettle Foods acquires UK popcorn maker

UK – Kettle Foods, an international manufacturer of potato chips, tortilla and nut butters has acquired the British popcorn producer Cornpoppers for an undisclosed amount. Cornpoppers was established in 1979, as a privately-owned business to supply branded and private-label popcorn products to retailers and wholesalers with branded range of three cinema-style popcorns with speciality flavours such as jalapeño, chilli and lemon, and maple syrup. “The acquisition of Cornpoppers is the next exciting step in our transition to build Kettle Foods into a dynamic European snack foods business,” said Ashley Hicks,…

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