Dutch private-equity firm VE Partners has signed a deal to acquire the Netherlands-based oriental sauces and spices maker Inproba.
Post transaction, which is expected to close by the end of this month, the Libbenga family founders will relinquish any ownership of the business, according to a statement from Baarn-based Inproba.
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Financial terms were not disclosed by either Inproba or VE Partners, which acknowledged the acquisition in a brief LinkedIn post.
Founded 68 years ago, Inproba specialises in the production, import and export of oriental products and seasonings. Its portfolio includes chilli sauces, sambal, soy sauce, ketjap manis, and spice mixes such as nasi and bami.
The products are available in Dutch supermarkets while the business also produces private-label products for the European market.
Inproba operates from a production facility in Baarn, located in the Noordschil industrial estate, and employs over 200 people.
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By GlobalDataThe company develops “innovative solutions” such as its sweet chilli sauce, which contains “50% less” sugar and uses the natural stevia sweetener.
Similarly, the ketjap manis has been reformulated with “30% less” sugar by using stevia as an ingredient.
Inproba managing director Jeroen Leinenga said: “With VE Partners, we have a partner who respects our independence and enables us to continue charting our own course. This allows us to remain close to our customers and quickly respond to market developments.”
The investment from FMCG-focused VE Partners will enable Inproba to grow the business while maintaining its Dutch identity, according to the statement.
Post-acquisition, Inproba will retain its operations in Baarn and continue as an independent business.
Inproba added that the “company will maintain its identity and culture under the new ownership, while investing in process optimisation, innovation and growth”.
