Parcom Capital reaches agreement
16 July 2010
Parcom Capital reaches agreement on intended acquisition of Dutch chilled convenience foods activities of Greencore
Parcom Capital today announced it has reached agreement with Greencore Group Plc ("Greencore") on the intended acquisition of Greencore´s Dutch based chilled convenience foods activities ("Greencore Netherlands"). Greencore Netherlands is manufacturer of quality convenience food products, such as pizzas, sandwiches, ready meals etc. The company primarily focuses on customer branded products, and operates from their sites in Liessel en Alphen.
Wiebe Visser, CEO of the business commented: "We are pleased to announce this opportunity to further develop our convenience food activities. With Parcom Capital we are confident that there will continue to be a stable platform from which we can further grow our business and continue to serve our customers as a solid and innovative supplier.
The intended transaction requires consultation with the respective Works Councils and is subject to regulatory approval from the Dutch competition authority, the NMA.
out Parcom Capital
Parcom Capital is a pan-European investment firm, with offices in Amsterdam, Paris and Munich, that invests in midmarket private equity situations. Supported by over EUR 1,5 billion of capital Parcom has a longer term investment horizon focused on helping management teams realize their growth ambitions through active value creation strategies.
For further information, please contact:
Wouter van de Putte, +31 (0)20 575 4080, wouter.vandeputte@citigateff.nl
Wiebe Visser, + 31 (0)493 348710, wiebe.visser@greencore.com
