St. Paul / Royal ERU
Squarefield acted as exclusive financial advisor to St. Paul and Royal ERU on the acquisition of Kasi Food
On June 6, 2023, St. Paul and Royal ERU, two leading Dutch processed cheese companies, announced that they are entering into a strategic partnership to jointly acquire and integrate Kasi Food. The cooperation between St. Paul, Royal ERU and Kasi Food results in a full range of high-quality (processed) cheese preparations for both the consumer market, the out-of-home market (foodservice), and the food industry (B2B).
St. Paul
St. Paul is a family-owned company founded in 1985, based in Lokeren (Belgium) and has strong presence in the Netherlands. St. Paul has established itself as a leading player in the cheese industry by offering customised processed cheese products for the B2B market.
Royal ERU
Royal ERU, a (processed) cheese company founded in 1824 and based in Woerden (the Netherlands), has a rich history and is known for its high-quality products for retail and foodservice. With leading brands such as Goudkuipje, Royal ERU is well-known in the Netherlands.
Kasi Food
Kasi Food, the processed cheese activities of the Lekkerkerker Food Group, based in Lopik (the Netherlands), specialises in producing high-quality processed cheese for industry, foodservice and retail. The other business activities of Lekkerkerker Food Group were not part of the transaction.