Dutch food and drinks group Acomo is poised to acquire the nuts and dried fruits business Caldic Food Service and Retail (FSR) in northern Europe.
Rotterdam-based Acomo, which is listed in Amsterdam, already has similar companies under its multi-faceted business wing, including spices and nuts supplier Catz International and seeds and nuts supplier Tovano.
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Acomo also houses the tea producer Royal Van Rees and Delinuts. The company said the deal, struck for an undisclosed sum, will provide a “stepping stone in the European Nordic markets”.
Financial terms of the transaction, which is subject to approval by the investment authorities in FSR’s home market of Sweden, were not disclosed. The deal with the umbrella Caldic group is expected to close in the current third quarter.
FSR operates a production facility in Malmö, Sweden, and serves the local market, along with Denmark, Norway, Finland and Germany. The product range includes nuts, seeds, kernels, dried fruits, pulses and marzipan supplied to retail, foodservice and B2B customers.
It owns the retail brand Naturens Energi.
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By GlobalDataAllard Goldschmeding, the CEO of Acomo, said in a statement: “This bolt-on acquisition allows us to establish a local presence in the Nordic markets.
“The combination of trading and new value-added services such as customer concept packing, roasting and producing is a proven approach to reinforcing our position in the supply chains we are active in, enabling us to provide answers to growing customer demand.”
After the closing of the transaction, FSR will be renamed to Delinuts Nordics and will jointly operate with Delinuts Netherlands to “further explore new markets and opportunities”.
Gustav Larsson, the managing director Caldic Nordics, added: “We are happy to have found a new home for the Food Service and Retail team.
“At Acomo, with a longstanding track record in trading and distributing food products and ingredients, our dried fruits and nuts business can flourish and our colleagues who join them will have the opportunity to advance their careers in a company where this segment is central to the strategy.”
Patrick Wibroe, FSR’s commercial director, said: “Acomo is a renowned player in the market and committed to further grow the nuts business. We firmly believe this is the right moment to join Acomo to further strengthen our position in the Nordics, and extend our portfolio with many new products in line with our strategy and core products.”
