Press release Enkco

Holten – Enkco Holding B.V., operating under the name Enkco Foodgroup, today announced the intention of Enkco management in cooperation with Gilde Buy Out Partners B.V. to acquire Enkco Foodgroup from Molenbeek Invest B.V.  The transaction is subject to approval from the Dutch Competition Authorities.

In relation to the envisaged transaction the Works Council has been asked for advice and the involved unions have been informed.

Through the transaction Enkco Foodgroup welcomes a new partner that supports the continuation of its strong growth and ambitions for the coming years.

The terms of the agreement have not been disclosed.

Background

Enkco Foodgroup, employing circa 250 employees, is a combination of three independent companies:

Enkco B.V. (Holten), founded in 1955, predominantly manufactures high quality meat products for more than half a century, e.g. hamburgers and meat roulades. Enkco supplies its products raw, precooked as well as chilled and frozen to retailers, the hospitality industry, institutions and the catering industry. A recent national test of meat roulades in The Netherlands revealed Enkco as the clear clean-label quality leader.

Vivera B.V. (Holten) is one of the pioneers in meat replacement products with customers throughout Europe in the retail- and foodservice industry. Vivera was introduced in several Dutch supermarkets in 1991 and since then has become a top brand that can be found at many Dutch food retailers. In recent years Vivera has experienced high international growth and currently is the market leader in The Netherlands, Belgium and Italy with an ambition to become European market leader. In 2013 Vivera introduced innovative meat replacers based on lupine which were awarded with the Dutch annual prize for healthy food (‘Jaarprijs Goede Voeding’).

Culifrost B.V (Rijssen), founded in 2011, is a true artisan manufacturer of snacks and enrichers for the food industry and produces a wide range of products, e.g. cheese soufflés (‘kaassoufflés’), sausage rolls and enrichers for soups.

About Gilde Buy Out Partners
With offices in the Benelux and DACH region, Gilde Buy Out Partners is a leading European private equity investor in mid-market transactions. Founded in 1982, Gilde has been supporting management teams in over 100 buy out transactions. Today Gilde manages funds in excess of €2 billion and has a controlling interest in companies such as CID Lines, Roompot, Axa Stenman, Comcave, Spandex, Riri, Teleplan, Powerlines and HG. For more information, visit www.gilde.com