Valeo Foods buys Bulgaria snacks business Prestige-96

Ireland’s Valeo Foods has renewed its thirst for acquisitions with the acquisition of Prestige-96 successful Bulgaria.

The woody for the biscuits, wafers and mini-cakes shaper has been struck for an undisclosed sum successful what Bain Capital-backed Valeo said is its eighth M&A transaction since 2022.

“Prestige reinforces the company’s ambition to fortify its presumption arsenic Europe’s starring sweet-treats champion,” Valeo said successful a connection contiguous (19 March).

“The acquisition besides creates caller pathways to grow into adjacent snacking categories and broadens Valeo Foods Group’s planetary footprint by leveraging the export strengths of some organisations to turn successful existing and caller markets.”

Founded successful 1996, Prestige owns a big of brands including Naya, Hyper, Mirage and Roden Kray. The absorption squad and workers astatine Prestige, which employs 450 staff, volition stay successful place.

Valeo CEO Ronald Kers said: "By combining Prestige’s class expertise with the standard of the Valeo Foods' network, we spot important opportunities to accelerate growth, grow into caller markets, and bring adjacent much loved products to consumers crossed Europe.

“This acquisition is simply a wide concern successful agelong term, sustainable growth, adding capabilities that people heighten our halfway business.”

The Irish concern generates yearly revenues of astir €2bn ($2.3bn). A enactment of its brands includes Balconi cakes, Barratt sweets and Pedro confectionery, Mila wafers and Rowse Honey.

Darina Stoyanova, the CEO of Prestige, said: “By combining Prestige’s overmuch loved brands with Valeo Foods’ planetary standard and capabilities, we spot tremendous imaginable to turn our business, scope caller markets and proceed delivering the products consumers love.”

Just Food has asked Valeo for much details connected Prestige's turnover, manufacturing operations and markets presence.

Bain Capital bought Dublin-based Valeo from chap capitalist CapVest successful 2021. It has since built up its portfolio done M&A.

Deals struck past twelvemonth see Melegatti 1894 and Freddi Dolciaria successful Italy.

In 2024 it bought IDC Holding successful Slovakia, Appalaches Nature successful Canada and Dal Colle, besides successful Italy. Canadian maple syrup shaper Les Industries Bernard & Fils was added successful 2022.

"Valeo Foods buys Bulgaria snacks concern Prestige-96" was primitively created and published by Just Food, a GlobalData owned brand.

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