IK Partners, via the IK IX Fund, is to acquire a majority stake in GoodLife Foods BV, a European manufacturer of frozen snacks, from Egeria Capital Management, alongside senior management who will be reinvesting. Financial terms of the transaction have not been disclosed.
IK Partners (IK), via the IK IX Fund, is to acquire a majority stake in GoodLife Foods BV (GoodLife), a European manufacturer of frozen snacks, from Egeria Capital Management (Egeria) alongside senior management who will be reinvesting. Financial terms of the transaction have not been disclosed.
Headquartered in Breda, the Netherlands, GoodLife Foods is a manufacturer of frozen snacks and meal components including spring rolls, appetisers, burgers, as well as cheese and vegetable bites. The company offers a broad portfolio of branded and private label products, which it sells to retail, foodservice and industrial customers across Europe. GoodLife has over 700 employees with six manufacturing plants located across the Netherlands, Belgium and Denmark.
Formed by the carve-out of Izico from Wessanen in 2014, GoodLife has grown to become a fully integrated European frozen appetiser platform. Under Egeria, the Company acquired six companies in three different countries which was followed by years of strong organic growth.
Through its partnership with IK, GoodLife expects to further expand its product portfolio with on-trend frozen bites. It also plans to achieve further growth acceleration in – and outside of – its core geographies through organic initiatives and buy-and-build.