Industry Archives: Food Processing

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Dairy Canning Factory in New Zealand

This is a new company being established in New Zealand to pack dairy products such as infant formula. Business projections based on pre-committed sales volumes. Total investment NZ$10 mil with a payback within approximately 3 years from commencement of production. Balance of project cost of approx. $10 mil to be funded by bank debt. The business will be operated by an experienced management team.

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Rapidly growing vegetable processing company seeking for working & expansion capital

The Company is a specialized agricultural business with a focus on garlic products. It produces garlic sauce, pickle, mash & powder in addition selling raw garlic. It also provides private labelling based on order for products such as ketchup, mayonnaise, lemon sauce, soy sauce, apple vinegar, pickled peppers and many more. Other features and terms include:
** New products currently under R&D such as black garlic, garlic jam, odorless garlic & garlic capsules;
** Early stage company operating since 2011 having invested app. $ 8 Mio;
** Facilities spread over an indoor area of 2,400 m2;
** Turnover forecast for 2015 is $3 Mio pointing out a 5 fold increase;
** Sales to Dominos, Pizza Hut, Ruffles, Ajinomoto, Carrefour, Edeka, Netto, Migros, Tesco, Wal-Marts;
** Exports to 3 continents;
** Seeks growth capital in the form of equity or debt.

For further information contact:
BYCap Advisors
[email protected]
+90 506 594 1878

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Turkey’s Yildiz Holding says interested in investing in United Biscuits

ISTANBUL, Sept 24 (Reuters) – Turkey’s Yildiz Holding, which owns food maker Ulker Biskuvi, said on Wednesday that it was interested investing in British snacks producer United Biscuits. Yildiz made the statement in a filing to the Istanbul stock exchange after news reports that unit Ulker was interested in bidding for United Biscuits. It clarified that Yildiz Holding was the interested party.

Last month, breakfast cereal maker Kellog emerged as a potential buyer for United Biscuits and Chinese private equity firm Hony Capital was linked to a deal in January.

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Symrise bids to acquire French food ingredient maker Diano

Reuters
Germany’s Symrise (SY1G.DE), the world’s fourth largest scents and flavours company, has made a binding offer to acquire French food ingredient maker Diana Group in a deal that would expand its activities into the pet food market.

Symrise did not disclose the exact purchase price in its statement late on Saturday, saying only that it would “invest” around 1.3 billion euros ($1.8 billion) in the deal to buy all the shares in Kerisper S.A.S., holding entity of Diana Group. Diana is owned by the private equity firm Ardian.

Symrise said it had already secured the bridge financing through a mixture of debt and equity.

In 2013, Diana had sales of around 425 million euros and earnings before interest, tax, depreciation and amortisation (EBITDA) margin of around 21 percent, Symrise said.

Symrise CEO Heinz Juergen Bertram said: “We believe that a multiple of around 14 times EBITDA (2013) represents an attractive valuation, given the quality of Diana’s product and customer base, its high-margin characteristics, and the future growth prospects of the business.”

Symrise said the acquisition was expected to be fully EPS-accretive from 2015 onwards and that it expected to finalize it in the third quarter of this year.

The proposed transaction is subject to consultation with the workers’ council and to antitrust clearance, it added.

Symrise did not say whether its offer had the approval of Diana’s owners, but said the parties had “agreed on exclusivity” while consultation with the workers’ council proceeded.

Reuters last month cited sources familiar with the matter as saying that Diana Group had attracted bids worth more than 1.2 billion euros including debt from Symrise and Japan’s Ajinomoto (2802.T).

The sources said the buyout firms CVC Capital Partners CVC.UL, Euroazeo and Pamplona were also in the race for the company.

Symrise said Diana, a leading supplier to the food, pet food, nutraceutical, aquaculture and cosmetics industries, would enable it to significantly expand its position in the flavor and nutrition markets and broaden its activities into the pet food markets.

Symrise has sought growth partly via acquisitions, and has recently raised its stake in the Swedish probiotics specialist Probi.

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Israeli food maker Tnuva to file for Tel Aviv IPO

TEL AVIV, March 18 (Reuters) – Tnuva, Israel’s biggest food maker, is expected to file a prospectus with the Israel Securities Authority in the coming days for an initial public offering, a market source in Tel Aviv said on Tuesday.

The Tel Aviv IPO will likely include new shares equal to 10 percent of Tnuva and another 15 percent now held by Apax Partners, the British private equity fund that is Tnuva’s biggest shareholder, according to the source, who asked not to be named. Apax controls 56 percent of Tnuva.

The source confirmed the details, which were reported earlier by TheMarker financial newspaper.

The kibbutzim, or collective farms, that are also significant shareholders are still divided over whether they will sell their 23 percent stake in the company, TheMarker said.

The IPO comes as Apax continues talks to sell its stake in Tnuva to China’s Bright Food Group Co, the source told Reuters.

Spokeswomen for Tnuva and Apax declined to comment on the report.

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Abraaj Capital buys 80 pct of Turkish dairy firm Yorsan

ISTANBUL, Dec 20 (Reuters) – Dubai-based private equity investor Abraaj Capital acquired 80 percent stake in Turkish dairy products maker Yorsan, Turkey’s Competition Board said on Friday. Continue Reading →

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Belgian Chocolate Factory

Nice opportunity to acquire a typical Belgian chocolate maker in the Flanders as typical family business with upside opportunities for international investors. Continue Reading →

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Israeli Flavorings Firm to Buy Russian Ingredients Company for $50M

The Moscow Times
Israeli flavorings and specialty ingredients company Frutarom Industries will acquire 75 percent of Russia’s Protein Technologies Ingredients for $50.3 million in cash. Continue Reading →

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Food firm Ma San sells 4 pct stake to a foreign fund – Lao Dong

Reuters Nov 7
Food producer Ma San Group has sold a 4 percent stake worth 297.7 billion dong ($14 million) to the Vietnam Resource Investments fund, the Lao Dong (Labour) newspaper reports. Continue Reading →

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Hundred year old, family-owned Belgian Confectionary Business

This traditional Belgian confectionery business is to be sold by its family owners. The Company has its own trademarks and has export sales to France, Spain, Italy, United Kingdom, and other markets. Continue Reading →

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