Group of Butchers, a Dutch supplier of meat and mince-based products, is under new majority ownership as private-equity fund Equistone Partners Europe has sold its stake to another investment firm.
Equistone acquired the majority holding in Group of Butchers, located in the city of Tilburg, in the southern province of North Brabant, in early 2017, but has now disposed of the yet undisclosed stake to the Netherlands’ Parcom Private Equity.
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The deal, for which financial terms were not disclosed, is subject to approval from competition authorities.
Since it took the stake, Equistone has added a number of companies to the Group of Butchers’ portfolio through M&A.
In 2018, two Dutch producers of smoked and cured sausage products – Koetsier Vleeswaren and Keulen Vleeswaren – were acquired, along with Gebroeders Snijders Vleeswarenfabriek and VLL Vers Logistiek Limburg.
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Group of Butchers CEO Remko Rosman said in a statement: “The partnership with Equistone allowed us to expand our geographical reach and once more significantly strengthen our position as a leading manufacturer and supplier of high-quality artisanal meat products in the Netherlands and increasingly also in Germany and Belgium. We are looking forward to our cooperation with Parcom for our next growth steps.”
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By GlobalDataFounded in 1997, Group of Butchers sells into retail chains in the Netherlands, Belgium and Germany, as well as the foodservice channel. The company entered the German market in 2018 by acquiring Hartmann, a producer of minced meat products based in Warendorf, and also, Gmyrek Group, a manufacturer of meat and sausage products in Gifhorn.
And last year, Schouten Vleeswaren, a Dutch specialist for BBQ and grilled meat products, was also added to the group.
Group of Butchers is targeting revenues of around EUR280m (US$330.5m) this year, although comparative figures were not provided. The company employs 900 people across 12 production facilities and two distribution centres.
“The outstanding market position of Group of Butchers is above all a result of its high quality standards, as well as its broad expertise in identifying trends in the premium meat-products sector,” said Dr. Marc Arens, a partner at Equistone. “We have implemented a successful buy-and-build strategy in recent years and ideally positioned the company for further growth.”
Maurits Werkhoven, a partner at Parcom, added: “We see a lot of potential in the integration of recent acquisitions and organic growth as well as adding new customers and product categories to Group of Butchers’ portfolio through more buy-and-build. We look forward to actively supporting the company in further developing its potential.”
