BELGIUM: Frozen food firms Ardo, Dujardin agree to merge
Belgium-based frozen food manufacturers Ardo and Dujardin Foods have struck a deal to merge.
The companies, set up by two brothers 40 years ago, announced on Friday (28 March) plan to combine, subject to competition approval.
The Haspelagh brothers formed the companies and, following the merger, the family will own 100% of the combined business. The deal will see private-equity firm NPM Capital sell its minority stake in Dujardin Foods.
Ardo operates 15 production, packing and distribution sites in eight European countries. In 2013, Ardo's net consolidated turnover was EUR607m (US$836m).
Dujardin Foods is a manufacturer of fresh frozen vegetables, aromatic herbs, ingredients and ready-to-eat meals. The company, has five production sites located in Belgium, France and the UK, has a turnover of EUR213m.
Ardo and Dujardin Foods said the two companies will "continue to operate independently".
Dujardin Foods CEO Rik Jacobs, who will still stay in charge of that business, said: "The new Ardo will be an even greater company with a unique European footprint of large scale, specialised plants, sound agricultural expertise, professional management and an entrepreneurial attitude."
Synopsis The report provides a review of the mergers and acquisitions (M&As), partnering deals, and agreements entered into by companies active in the global pasta & noodles market during March 2014. ...
Plimsoll Publishing’s FOOD PACKING (UK) Analysis provides a detailed overview of the FOOD PACKING (UK) market and delivers a comprehensive individual analysis on the top 200 companies, including AIMIA...
Plimsoll Publishing’s FROZEN FOOD MANUFACTURERS (Global) Analysis provides a detailed overview of the FROZEN FOOD MANUFACTURERS (Global) market and delivers a comprehensive individual analysis on the ...
Following the creation of a joint venture between Findus, Ardo and Borduelle in 2011, Findus began distributing and carrying out all marketing activities of the brands “Frudesa”, “Salto” and “Findus” ...
- M&A Watch: Raisio should sell to private equity
- Analysis: Market bets on higher Chiquita offer
- Spotlight: What could be impact of Russia's ban?
- Briefing: Expansion agenda of Japan's food majors
- Briefing: Tokyo plans to double food exports
- Campbell Soup's Plum division to pull out of UK
- Kerry cools claim spreads move could hit jobs
- Pork Farms buys Kerry Group's pastry plants
- Profits up at chocolate group Lindt
- Japan's Sanyo takes stake in Olam's food biz