US investment firm One Rock Capital Partners has today (11 September) revealed a deal to acquire private-label snacks manufacturer Europe Snacks.
Paris-based Europe Snacks, backed by private-equity firm Apax Partners, manufactures products for branded and retail customers.
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Étienne Lecomte, the CEO of Europe Snacks, said: “We are looking forward to joining forces with One Rock as we enter our next phase of growth.
“One Rock’s operating partners bring decades of expertise in our core markets and we will look to leverage their knowledge and experience as we aim to bring even more innovation and value to our customers.”
Europe Snacks has seven factories in France, the UK and Spain. The business, founded in 1990, supplies products such crisps and crackers. It employs more than 1,800 people.
The company entered the UK market in 2016 with the purchase of Kolak Snack Foods and also owns Grupo Ibersnacks in Spain, acquired in 2018.
Last year, Europe Snacks acquired UK-based crisps and popcorn business Burts Snacks for an undisclosed fee.
“Over the past three decades, Europe Snacks has grown to be a leader in the private label market across its key product categories and geographies,” said Kurt Beyer, partner at One Rock.
“We are excited to partner with the team, to build upon their strong heritage and to continue driving growth.”
One Rock Capital Partners made another move in food and beverages in 2021 when an affiliate acquired US bottled-water manufacturer BlueTriton.
