Enkco Foodgroup
Squarefield acted as exclusive financial advisor to Enkco Foodgroup on the sale of the meat activities to Van Loon Group
On May 27, 2019, Dutch meat processor Van Loon Group (“VLG”) acquired the meat business of Gilde Buy Out Partners-backed Enkco Foodgroup (“Enkco”). Enkco, located in Holten, the Netherlands, is a specialist in chilled and frozen quality meat products and has circa 100 employees. VLG, headquartered in Son, the Netherlands, is a successful group of meat-processing companies with 8 locations in the Netherlands and approximately 2,000 employees.
VLG has grown significantly both in retail and out-of-home (“OOH”) markets in the past years and aims to continue this growth sustainably and responsibly. The acquisition of Enkco fits well within this strategy. With a traditionally strong position in the OOH market, Enkco will benefit from better growth perspectives in this market as part of VLG. The brand name Enkco will continue to be used by VLG. The production of Enkco’s meat products will be relocated to VLG’s production locations in a phased way in the coming 1.5 years.
After the acquisition, Enkco will continue under the name Vivera Foodgroup with its remaining business activities Vivera, Culifrost and Dutch Tofu Company. Vivera Foodgroup has a top 3 position in the growing European market for vegetarian and plant-based meat replacement products.
Willem van Weede – CEO Enkco“With VLG as a strong and reputable new owner, Enkco can further pursue its ambition to be an innovative and strong partner in the OOH market for convenience meat products.”
Erik van Loon – CEO VLG“Enkco’s brand, its high-quality product assortment and client portfolio will make VLG stronger and will enable us to further build our position in the OOH market. At the same time, Enkco will benefit from the process optimisation and innovative product development that VLG has implemented in the past years.”