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December 22, 2020updated 09 Apr 2021 6:51am

Signature Foods in new private-equity hands as Pamplona Capital takes charge

Netherlands-based Signature Foods has a new owner after IK Investment Partners agreed to sell the business to a UK-based private-equity firm.

By Leonie Barrie

Netherlands-based Signature Foods has a new owner after IK Investment Partners agreed to sell the business to private-equity firm Pamplona Capital Management.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
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The chilled convenience food specialist is active in the Benelux countries, France, Germany and Poland in both the branded and private-label areas. Its product range includes spreads, dips, bites and tapas, as well as meals. It owns the brands Johma and Délio.

Financial terms of the transaction between the two London-based investment firms have not been disclosed.

IK acquired Signature Foods - then called Salad Signature - in January 2016 and the business has grown to employ 600 people across seven manufacturing sites. It now has annual revenues in excess of EUR300m (US$366.3m).

Norman Bremer, a partner at IK, said: "We are incredibly proud of our successful partnership with Signature Foods. In addition to a strategic buy and build programme, the company has persistently invested in its brands and products, streamlined its supply chain and manufacturing processes, while maintaining its focus on quality and sustainability, which have all contributed to the leading market position it enjoys today. The business has an exciting pipeline of further growth ahead."

Erik Bras, CEO of Signature Foods, said: "Over the last five years the company has transformed substantially as we acquired and launched new brands and products, invested substantially in our production capabilities and grew our footprint in Europe."

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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