Global private investment firm Bain Capital has announced its acquisition of Valeo Foods Group from CapVest.
Established in 2010 and headquartered in Dublin, Valeo Foods operates across Europe, with its portfolio of brands including Jacobs, Odlums and Batchelors.
Valeo has grown its annual net sales to approximately €1.1 billion for the 12 months through to March 2021, from less than €200 million in 2010.
The company serves 106 markets globally, produces more than 400,000t annually across its 24 manufacturing facilities and employs more than 4,000 people.
Valeo Foods a ‘key player’ in food industry
Seamus Kearney, group CEO of Valeo Foods will continue to lead the business with the existing management team. He said that the transaction is “a very positive reflection of the quality of our business and all of our people”.
Published: Apr 21, 2021
Global Celiac Disease Market: Snapshot
The global celiac disease market is prophesied to rake in a heavy demand on account of three decisive factors such as healthy government initiatives, prevalence of the disease, and increased consumption of foods containing gluten.
Governments of different countries such as the U.K., Canada, New Zealand, Australia, and Argentina and the European Union are expected to accelerative initiatives for the treatment of celiac disease. These governments could provide a strong boost to the global celiac disease market while riding on therapeutics offered at subsidized prices, increasing awareness among the people, and funds offered to research and development activities. Canada and Argentina are predicted to impose labeling restrictions on gluten-rich packaged foods and also those free of gluten to keep the spread of celiac disease at bay. Initiatives such as the National Program for the Detection and Control of Celiac Dise
Plum Organics - latest asset to be sold by Campbell
US food giant Campbell Soup Co. has sold its Plum Organics baby-food brand to local snacks business Sun-Maid Growers of California for an undisclosed sum.
Fresno-based Sun-Maid said the range of organic baby food and kids snacks fits well with its offering of better-for-you whole fruit snacks.
Harry Overly, CEO and president of Sun-Maid, said: Plum is a natural fit for the Sun-Maid family given our expertise, leadership and rapid growth in healthy snacking, along with our strong emotional connection with family households. Its acquisition is an integral part of our continued dedication to providing superior products while delivering category growth. We re committed to carrying on Plum s mission of serving babies the very best food from the first bite.
Valeo cuts jobs at UK confectionery plant just-food.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from just-food.com Daily Mail and Mail on Sunday newspapers.
The Gluten-Free Products Market size was valued at USD 4.3 Billion in 2019 and is estimated to reach USD 7.5 Billion by 2027, registering a CAGR of 7.2% from 2020 to 2027.
Major factors driving the growth of gluten-free products market size are the rising prevalence of celiac disease and also growing population shifting towards healthier diets.
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TRENDS INFLUENCING THE GROWTH OF GLUTEN-FREE PRODUCTS MARKET SIZE
It is anticipated that the rising occurrence of Irritable Bowel Syndrome (IBS) and celiac diseases will drive the gluten-free products market size in both developed and developing countries. A person suffering from Irritable Bowel Syndrome (IBS) is sensitive to gluten, and the use of gluten aggravates the problems caused by the syndrome. On the other hand, Celiac disease is an autoimmune disorder in which the indigestion of gluten damages the small intestine. The rising prevalence of these diseases is expected to increase the growth of gluten-free prod