On October 8, 2018, our client Oerlemans Food Group (“Oerlemans” or the “Company”), a privately-owned producer and supplier of fresh frozen vegetables and fruit in the Netherlands, has agreed to sell 100% of the shares of the Company to Virto Group (“Virto”), a Spanish-based leading producer and distributor of deep-frozen vegetables.
With the acquisition, a global player will be created with over EUR 400 million turnover and a footprint in the four main European harvest areas, Spain, France, Benelux/Germany and Poland.
This transaction will secure the availability and quality of fresh raw materials as well as increase the variety and volume of the new combination’s product range. Additionally, the close proximity to the Rotterdam and Gdansk harbours will allow the Group to further improve its logistics capabilities. As a result, the combined group will be better able to meet the increasing customer demand.