Bain Capital Private Equity acquires Valeo Foods Group

Valeo is a leading producer and innovator of high quality, category-defining branded and private-label food products. Established in 2010 and headquartered in Dublin, today it operates across Europe. Valeo’s portfolio of iconic brands includes Jacobs, Rowse, Kettle, Odlums, Barratt, and Balconi, many of which have histories that stretch back as far as 150 years. In January 2021 Valeo acquired the German confectionery company Schluckwerder.

As a fast-growing consolidator in the food sector, Valeo has expanded rapidly and grown annual net sales to approximately € 1.1 bn for the 12 months through to March 2021, from less than € 200 m in 2010. Today the company serves 106 markets globally, produces more than 400,000 tonnes annually across its 24 manufacturing facilities, and employs more than 4,000 people.  Seamus Kearney, Group CEO of Valeo Foods, will continue to lead the business with the existing management team. 

Nigel Walder, a Managing Director at Bain Capital Private Equity, said: “Valeo Foods has been developed into a key player in the European food industry by a talented and ambitious team. We believe Valeo has further potential to grow significantly, both organically and through acquisitions, and look forward to partnering with Seamus and his team to accelerate that growth trajectory and further consolidate the company’s position as a leading international food business.”