Europe Snacks-Kolak has acquired Grupo Ibersnacks SL. Financial details have not been disclosed.
Europe Snacks-Kolak is one of Europe’s leading players specializing in the production of private label snacks, crackers and stacked chips for European distributors and manufacturers. The group generates revenues of US$320 million, employs about 1,400 people and produces over 1.4 billion packs annually from six manufacturing sites across France and the UK.
Founded in 2001, Grupo Ibersnacks is a Spanish-based crisps ans snacks manufacturer specialized in private label. The group is headquartered in Medina del Campo and operates two production sites in Spain.
Oaklins' team in France advised the buyer in this transaction.
“I am very pleased that Felix Eguía, the founder of Grupo Ibersnacks, and the management team are joining us. We share the same entrepreneurial dynamism, commitment to customers and values. We also have a common vision: the snacking market is undergoing a transformation and we want to contribute to this change. Consumers have moved from the habit of three traditional meals a day to an 'on-the-move', healthy and varied snacking culture.”
Christophe Fenart, President & CEO, Europe Snacks Group
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