Valeo Foods Acquires Tangerine Confectionery For £100 Million
Valeo Foods Group, the acquisitive Irish and international food business, is reported to have purchased Tangerine Confectionery of the UK for £100 million (€112 million) from Blackstone Group. The deal adds popular UK confectionery brands such as Dip Dab, Fruit Salad and Blackjack to Valeo Foods Group’s growing portfolio, and will increase annual turnover to in the region of €900 million.
Earlier this year, Valeo Foods Group acquired the Confectionery Division of Raisio including a number of established, iconic and growing confectionery brands such as Fox’s Glacier Mints, XXX Mints, Poppets, and Pedro.
Valio Foods was formed in 2010, following the acquisition and merger of Origin Foods and Batchelors, two of Ireland’s most successful branded consumer food companies. Since then, Valeo Foods has successfully completed multiple acquisitions across Ireland, the UK and Continental Europe, to expand its portfolio of market leading products and brands that includes Jacob’s, Rowse and Balconi.
