Paris-based food company Haudecoeur, which specialises in produce from the Middle East, Asia and Africa, has been bought by Belgium’s Ergon Capital Partners.
Financial details have not been disclosed.
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Haudecoeur, a family business founded in 1932, imports, produces and distributes food from around 60 countries and sells mainly to consumers of Maghrebi, Asian, African and Antillean origins through specialist retailers and supermarkets.
Its produce includes rice, dried fruits and vegetables, spices, cereals, sauces, brick pastry sheets and candy. The company owns brands such as Samia, Riz du Monde, Profruit, Legumor and La Pastilla.
It has a factory located in La Courneuve in the Paris area.
Ergon is a mid-market private equity investment company with in excess of EUR1bn (US$1.13bn) under management from European institutional investors and family offices, including Groupe Bruxelles Lambert, through its subsidiary Sienna Capital, as cornerstone investor.
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By GlobalDataSpeaking about the investment deal, Haudecoeur general manager Jean-Claude Haudecoeur said: “In Ergon, we found the best partner to write a new chapter in our family business.
“Throughout our discussions, we particularly appreciated the fact that Ergon and our family share the same entrepreneurial and family DNA, values and vision on the development of our group.”
Wolfgang de Limburg, managing partner of Ergon, said: “We are enthusiastic to support the Haudecoeur Family in its ambitious growth plans for the group. We have been impressed by its strong historical development, its growth potential and the quality of its teams, and are delighted to join the Haudecoeur Family in further growing and internationalising the group.”
