UFG-backed KDV Group completed the acquisition of a stake in Hak from NPM Capital for £116m.

UFG-backed KDV Group, a producer of snacks and confectionery products in Russia, completed the acquisition of a stake in Hak, a producer and marketer of canned food products, from NPM Capital, a Dutch investment company, for £116m. “In addition to our existing activities, we want to set up a new division that specialises in plant-based nutrition in order to optimally exploit the global trend towards a healthier and more sustainable diet. For us Hak is not just a first foothold in Western Europe, it also has a strong, mission-driven strategy that is fully aligned with the new nutritional patterns and eating habits of tomorrow’s consumers. It already sells its products to a home market of 100m consumers, mainly located in Northwest Europe. I want to work together with Hak’s management to accelerate the rate of growth in that market first," Denis Shtengelov, KDV Founder.