Valeo Foods Group acquired Tangerine Confectionery from Blackstone for £104m.

Valeo Foods Group acquired Tangerine Confectionery from private equity firm Blackstone in a £104m deal. The merger will add the Barratt, Dip Dab and Fruit Salad confectionery brands to Valeo’s Big Bear Confectionery portfolio, which Valeo acquired from Raisio in 2017 for €100 million.