Announced
Completed
Financials
Sources
Tags
Belgium
Food Products
Private Equity
packaged food
Private
sauces
soups
Acquisition
Single Bidder
Majority
Friendly
Completed
Synopsis
GBfoods, a food company headquartered in Spain, completed the acquisition of Continental Foods, a producer of packaged food products which includes soups and sauces, from CVC for $1bn. “This acquisition represents a major strategic milestone in the history of GBfoods. GBfoods and Continental Foods will together make a significantly more robust and diversified business platform fully focused on developing strong local brands," Ignasi Ricou, GBfoods CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.