Irish consumer food group Valeo Foods is set to cross the €1bn sales barrier with the acquisition of snack company It's All Good (IAG), the leading producer of tortilla chips in the UK. The deal is Valeo's 17th acquisition since it was created in 2010 through the acquisition and merger of Origin Foods and Batchelors by CapVest Parterns, a mid-cap private equity group. The IAG deal follows 2019's acquisitions of Kettle Foods, the UK-based premium snack maker, and Mathew Walker, a seasonal dessert maker. The same year Valeo sold Nimbus Foods, a non-core business that manufactured toppings and food decorations. The company now controls a portfolio of dozens of leading food brands, including Odlums, Shamrock, Roma, Erin and Kelkin, selling hundreds of products.

Source: Irish Independent December 22, 2020 19:07 UTC