Humble Group to acquire Solent Global for $160m.

Humble Group, a Swedish foodtech and FMCG group, agreed to acquire Solent Global, a provider of branded, licensed and white label products, for $160m. ”Through the acquisition of Solent, we acquire a high-quality company with strong profitability as well as a high-performing and entrepreneurial team. Solent has some of Europe’s largest store chains as customers and the Transaction opens both the UK and several key international markets around the world by adding many new points of sales to grow the export for Humble’s other brands. This acquisition shows our capacity to attract leading industrial players with more than 25 years of operating history and enables a new segment of companies available to us. The M&A pipeline looks very strong and we are well prepared to continue scaling Humble rapidly. It is with great pleasure that we welcome Solent and the team to Humble," Simon Petrén, Humble CEO.