Dutch investment firm Trophas has acquired a stake in local private-label nut processor Snack Connection.
Trophas acquired the “minority” stake from a company investor, A.A. de Graaf. Trophas declined to provide details on the size of the stake nor on how much it had agreed to pay for the shares.
Snack Connection manufactures and mixes nuts, kernels, seeds, dried fruit, croutons and rice crackers for the retailers in the Netherlands.
Snack Connection said the investment from Trophas allows “the possibility for further expansion of the company”. The firm added it was looking for “knowledge and experience” in addition to resources, from a new investor, to “take the organisation to the next level”.
Trophas is an investor in food production firms. It also owns a stake in convenience food business Conveni.
“The Trophas team has extensive knowledge and experience in the food sector, both commercially, operationally and financially,” Snack Connection said in a statement.