Private-equity firm KKR said to be eyeing disposal of Flora Food Group

Privately-equity steadfast KKR has declined to remark connected speculation implicit the imaginable disposal of its Flora Food Group spreads assets.

The Financial Times reported contiguous (30 April) that KKR is moving with concern banks connected a imaginable disposal of Flora Food Group.

Unnamed sources for the work attached a worth to a imaginable woody of arsenic overmuch arsenic $10bn.

Like KKR, Amsterdam-headquartered Flora Food Group besides declined to remark connected the speculation erstwhile approached by Just Food.

The private-equity capitalist completed the acquisition of the Flora Food Group plant-based branded assets successful Europe, the Middle East and Africa (EMEA) successful 2018. The concern was bought from FMCG elephantine Unilever for astir €6.8bn ($7.9bn today).

KKR was besides said to person been antecedently linked to a merchantability of Flora Food Group to Abu Dhabi’s sovereign wealthiness money but that woody fell through.

Flora Food Group owns brands specified arsenic its namesake spreads line, on with I Can’t Believe It’s Not Butter and Country Crock. The portfolio besides houses Blue Band, Becel and Violife, amongst others.

The radical antecedently traded arsenic Upfield earlier absorption renamed the concern successful 2024. The institution generated income successful 2025 of astir €3bn, according to Flora Food Group’s website.

Meanwhile, assets successful Latin America are besides successful the process of being sold by Flora Food Group.

In March, Alicorp revealed it had signed an statement to get a fig of businesses successful the region.

The Peruvian user goods radical said successful a connection it would instrumentality power of Flora’s operations crossed 7 markets - Guatemala, Panama, the Dominican Republic, Colombia, Ecuador, Peru and Chile.

Flora Food Group besides declined to remark connected that woody with Just Food astatine the time.

The transaction successful Latin America includes a manufacturing works successful Cali, Colombia, according to a abstracted connection from Simpson Thacher, Flora’s advisor connected that deal. It does not see Flora’s operations successful Brazil and Mexico.

Its brands successful the portion see La Danesa margarine, arsenic good arsenic Dorina and Bonella butter, according to different connection from Bustamante Fabara, the ineligible advisor to Alicorp for the Ecuador portion of the deal.

"Private-equity steadfast KKR said to beryllium eyeing disposal of Flora Food Group" was primitively created and published by Just Food, a GlobalData owned brand.

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