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October 3, 2014

Valeo Foods bags Robert Roberts, Kelkin in EUR60m deal

Ireland's Valeo Foods has acquired food and beverage firms Robert Roberts and Kelkin from DCC, an international sales, marketing and distribution group, in a EUR60m deal.

Ireland’s Valeo Foods has acquired food and beverage firms Robert Roberts and Kelkin from DCC, an international sales, marketing and distribution group, in a EUR60m (US$75.1m) deal.

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Kelkin is a private-label manufacturer and branded distributor of free-from and “healthy” foods. Robert Roberts is an Irish distributor of snacks brands including KP Hula Hoops, Skips, KP Nuts and McCoy’s snacks.

The deal also included Robert Roberts’ subsidiary Findlater Wine & Spirits, a sales, marketing and distribution company in the wine and spirits sector.

In the year ended 31 March 2014, the businesses generated combined revenue of EUR120m.

Tommy Breen, CEO of DCC, said: “Robert Roberts, Findlater Wine & Spirits and Kelkin have a long and successful history in the Irish market and we expect them to continue to grow and develop under Valeo Foods’ ownership.”

A spokesperson for Valeo added: “The businesses complement Valeo Foods’ existing portfolio of consumer food brands, will enhance our presence in the fast growing health and wellness and hot beverage sectors and strengthen our distribution capabilities.”

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How is technology having an impact on Consumer buying behavior?

As the world rapidly becomes more connected, it is important for brands to understand the impact that improved technology is having on consumer purchasing behaviors. To react effectively, brands must know how to engage with increasingly digitally savvy consumers. GlobalData’s latest Trend Tracker report provides an analysis of Digital Lifestyles – one of GlobalData's top consumer trends for 2022. The report includes an overview of how digital lifestyles are evolving, including the significant impact that the COVID-19 pandemic had on accelerating digitalization, and how this trend is emerging across different Consumer sectors. Key features included in the report:
  • A breakdown of the trend’s prominence across sectors
  • Insights into consumer online penetration, preferred electronic devices and engagement
  • The key drivers and challenges impacting the digital lifestyles trend
  • A spotlight on key innovations set to reshape the consumer landscape
  • Analysis of what’s next for digital innovations and how brands can leverage the trend
Download this report to keep in touch with the more digital consumer.
by GlobalData
Enter your details here to receive your free Report.

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