IK Investment Partners’s IK VII Fund is to to acquire Salad Signature, a manufacturer of spreadable salads in the Benelux, from AAC Capital. Financial terms of the transaction have not been disclosed.
With roots dating back to 1962, Salad Signature is a leading branded food franchise in the fresh categories of spreads, dips and salads, selling its products both through private labels and its own brands. The Company’s core markets are the Netherlands and Belgium, with an emerging international presence in France, Scandinavia, UK, Germany, and Poland. In 2015, Salad Signature generated revenue of EUR176 million and employed approximately 490 people.
“Salad Signature, with its strong portfolio of brands, high quality products and strong management team, is ideally positioned to capitalise on favourable macro trends. We are truly looking forward to support Salad Signature’s continuous development to drive international expansion and product innovation both organically and through acquisitions,” says Remko Hilhorst, Partner at IK and advisor to the IK VII Fund.
“During the years, we have built up a strong portfolio of brands including Hamal, VH, Le Cobourg and Délio in Belgium, as well as Johma and Westland in the Netherlands. Working closely together with AAC Capital, we have evolved into a Benelux market leader with solid international ambition. IK, with its extensive experience within the food industry, strong European network and solid track record, is an ideal partner as we continue to develop and strengthen our market position,” says Erik Bras, CEO of Salad Signature.
