GoodLife Foods, a frozen snacks maker in the Netherlands, will soon have a new owner in the form of UK-based private-equity firm IK Partners.
IK Partners plans to acquire Breda-headquartered GoodLife Foods from investor peer Egeria based in the Netherlands for an undisclosed sum in a deal that is subject to regulatory approval.
GoodLife Foods (with a capital L) emerged in 2019 following a name change from Izico Foods Group to reflect Egeria’s purchase of UK-based Goodlife Foods in 2017. Izico itself was acquired by Egeria in 2014 from another Dutch business, Wessanen.
GoodLife Foods produces spring rolls and other appetisers, burgers and vegetable bites sold into retailers and the foodservice channel. The range includes branded goods under names like Beckers, Bicky and Daloon, and also private label. The business operates six manufacturing plants spread across the Netherlands, Belgium and Denmark employing more than 700 people.
The company is focused on four core markets and regions: Benelux, the UK, the Nordics and the DACH countries – Germany, Austria and Switzerland.
Dirk Van de Walle, the CEO of GoodLife Foods, will remain with the business as it seeks to expand organically and through M&A.
Remko Hilhorst, a managing partner at IK, said in a statement: “We have been impressed with GoodLife’s track record to date and its ability to continuously evolve its product portfolio to meet the needs of its customers.
“It has a diversified offering with further growth potential, which can be unlocked in the years to come. With its solid foundation in place, we look forward to collaborating with Dirk and the team to develop the company further.”
GoodLife Foods’ de Walle added: “We look forward to the next chapter, which will see us working with the team at IK who have vast experience in the food sector and can support us with our ambitious plans to internationalise through organic initiatives and M&A. We are grateful for the support and opportunities that Egeria has provided GoodLife with over the past years.”