Valeo Foods Group acquires Tangerine Confectionery

The acquisition of Tangerine Confectionery, which also owns old-school Irish sweetshop favourites such as Fruit Salads and Refreshers, is the 12^th buyout in the eight years since Valeo was established. The deal will bring the Valeo group’s annual turnover up to about € 870 m, with 3,000 staff at facilities across UK and farther afield in Europe, and a portfolio of about 60 brands.

Tangerine is home to well-known brands such as Barratt, Taveners, Jamesons and Princess. A market-leader in the U.K., the business has also developed a growing international presence across Australia, Canada, Scandinavia, the US and the Middle East. The company employs approximately 1,200 people across five sites in the North of England.

Commenting on the transaction, Seamus Kearney, said: “We are very excited about the acquisition of Tangerine which is in line with our strategic focus and builds on our recent acquisition of Big Bear Confectionery and Candy Plus in 2017. Tangerine is highly complementary to these confectionery businesses, with a focus on largely different technologies, channels and customers. We look forward to adding Tangerine’s iconic brands to our growing portfolio of category-leaders.”