IK Investment Partners-backed LINXIS Group, a provider of specialised equipment for the food and health industries, has acquired Bakon, a specialist in food processing and bakery equipment from managers and current investor Rabo Investments.
Bakon’s activity complements the “Portion Process” division of LINXIS, represented today by the company Unifiller, and enriches its expertise in depositing, but also in ultrasonic cutting and spraying processes. Its experience in managing industrial line projects will enable LINXIS Group and its companies to address larger markets, both in terms of activities and geography.
“With Bakon’s acquisition, LINXIS Group will further strengthen its expertise and excellence. Representing the third acquisition following investment from IK Investment Partners, we pursue our strategy of adding to our existing portfolio, companies and brands with deep knowledge and complementary technologies, in order to continuously develop solutions that closely meet the needs of our markets,” says LINXIS Group CEO, Didier Soumet.
“We are very excited to welcome Bakon into our Group. Bakon will broaden our offering while providing a stronger presence in various strategic geographic areas. The sharing of best practice and processes amongst all the LINXIS companies will leverage the added value of our global solutions,” says LINXIS Group Vice-President/Shick Esteve CEO, Tim Cook.
“All of us at Bakon are thrilled to be joining LINXIS Group which will allow us to further improve our processes and organisation, as well as the long-term continuity of our business and of the Bakon brand. LINXIS companies complement Bakon’s offering, with a worldwide reach, a focus on specialised equipment and high-value added services. We see a distinct match of business and corporate cultures backed by a focus on excellence, passionate professionalism and permanent support provided to customers. Rabo Investments has greatly helped and stimulated us over the years, providing insight and support in terms of financial, strategic and commercial management. We have always been successful in finding the right partner for each phase of our company’s development and look forward to continuing our journey with LINXIS Group,” says Bakon CEO, Ronald Gijssel.