H2 Equity Partners (“H2”) is pleased to announce that on March 7, 2014, it entered into an agreement with Vion Food Group (“Vion”) for the intended acquisition of Oerlemans Food B.V (“Oerlemans”).
Oerlemans is a specialised manufacturer and supplier of frozen fresh vegetables, fruit and potato products with four production facilities in The Netherlands and Poland and is headquartered in Venlo (NL). The company has revenues of approximately €135 million and employs 740 staff. Oerlemans offers a range of 1000+ products and through its brands Oerlemans, Keizer, Bio+ and Bauer serves customers in the international foodservice, retail and industrial markets.
From its excellent starting position, H2 plans to further develop Oerlemans’ operations in both The Netherlands and Poland.
Due to regulatory approvals, the transaction is expected to be completed in Q2 2014.