Valeo Foods Group to acquire Schluckwerder from Novum Capital.

Valeo Foods Group, an international food business, agreed to acquire Schluckwerder, a specialist producer of confectionery products popular throughout Germany and internationally, from Novum Capital, a private equity firm. Financial terms were not disclosed. "Schluckwerder is a great business that is supported by an extensive team of excellent people and it significantly strengthens our presence in Continental Europe. Its purchase represents the continued realisation of our strategy of building a major international food business where we see further attractive opportunities for expansion," Seamus Kearney, Valeo Foods CEO.