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January 16, 2020

New investor at French healthy-snacks firm Daco

Daco France has a new investor, with the healthy-snacks maker's majority shareholders looking to accelerate its growth.

By Dean Best

Daco France has a new investor, with the healthy-snacks maker’s majority shareholders looking to accelerate its growth.

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The company, which markets fruit-and-nut snacks and candied fruits among its products, has attracted backing from Paris-based investment firm UI Gestion.

Financial terms were not disclosed but UI Gestion replaces French private-equity firm Bee Up Capital as Daco France’s minority investor. Brothers Michel and Alain Abitbol, sons of Daco France’s founder, remain the company’s majority owners.

Daco France, set up in 1974, employs almost 150 staff at three production plants.

In a statement, UI Gestion said Daco France was looking at growth opportunities in France and in international markets, including “strengthening” its range of organic products and its presence in new sales channels.

In 2019, Daco France generated revenue of almost EUR100m (US$111.4m).

In 2018, Daco France acquired a majority stake in fledgling French business Gula, an online subscription business selling dried fruit and nuts.

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Which ingredients are trending in Consumer Packaged Goods in 2022?

Consumers have radically re-thought their priorities in recent years: find out what new trends and needs are arising and how these can be addressed through selecting the right ingredients in product formulations. GlobalData’s report on Trending Ingredients in FMCG offers a deep dive into popular and emerging ingredients across FMCG categories. Gain insights into how positively or negatively consumers perceive these ingredients, appraise the latest product formulations incorporating these ingredients, and learn how to successfully leverage these credentials in NPD and marketing. This report covers:
  • Consumer Trends
  • Ingredients in Food & Drink
  • Ingredients in Beauty & Grooming
  • Ingredients in Household Care
Take a look now to understand which ingredients are impressing consumers, and make them work for your brand.
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