Pamplona Cap Management acquires Signature Foods
Financial terms of the deal were not disclosed
Pamplona Capital Management has agreed to acquire Signature Foods from the private equity firm Ik Investment Partners. Signature Foods is a frozen ready meals company with an offer ranging from creams and sauces to tapas. The company, which is headquartered in Hilversum, The Netherlands, owns a number of consumer brands including Johma and Délio, as well as private label. The company employs over 600 workers at seven production sites in the Netherlands, Belgium and Poland.
The company is said to have "a rapidly growing European footprint" and serves customers through retail and restaurant channels. IK Investment Partners first invested in Signature Foods, then called Salad Signature, in January 2016.
Commenting on the partnership, Signature Foods CEO Erik Bras said, “Over the past five years the company has transformed dramatically as we acquired and launched new brands and products, invested substantially in our manufacturing capabilities and increased our presence in Europe. We are extremely grateful to the IK team for their cooperation and support, which allows us to be where we are today”. The transaction is subject to the approval of the relevant antitrust authorities. Financial terms of the agreement were not disclosed.
EFA News - European Food Agency