Dutch food manufacturer Izico has signed a deal for the takeover of Denmark-based ethnic food maker Daloon.
Izico said the deal would allow it to broaden its range of meat-free products and give it the opportunity to “continue developing the foreign market with product innovations” using Daloon’s existing networks.
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Daloon was founded in 1960 and sells its products across Europe. It has a presence in the UK, Germany and Scandinavia. It also exports to France, Spain, Austria and Switzerland. Daloon’s core business lies in Asian ethnic snacks, such as spring rolls, and meat-free products.
Izico CEO Kamiel Steendijk said: “By taking over Daloon we can position ourselves even more strongly as a partner in the snack market with the highest quality, offering both branded and private-label products. Daloon’s international network also gives us the opportunity to continue developing the European market with our entire range.”
The deal is subject to competition authority approval.
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