Dutch frozen snack company Izico, backed by private equity fund Egeria, has announced the acquisition of Danish frozen food company Daloon AS, and its UK subsidiary, Daloon Foods.
Daloon’s core business lies in Asian ethnic snacks, such as spring rolls and meat-free products which are sold across Europe. Meanwhile Izico supplies frozen snacks, including meat rolls, hamburgers, mini snacks, spring rolls and bread-based snacks.
In relation to the deal, which is expected to close in January 2016, Izico CEO Kamiel Steendijk said: “The acquisition of Daloon is a logical step in the international strategy of Izico. Together with Daloon we are even better able to position ourselves as a full partner for the frozen snack assortment with the highest quality for our clients, both for brands and private label products. In addition, the complementary international networks of Daloon and Izico provide opportunities to cross-sell our product ranges into each other’s networks”.
The firms will continue to operate as two separate companies, and Daloon will retain its headquarters in Nyborg, Denmark and operations in both Nyborg and Newark, UK.
Source: Bruun & Hjejle / Daloon