IZICO Food Group has acquired Exellent Food & Snacks, enhancing its product portfolio and market presence in the Benelux snack food sector.
Information on the Target
Exellent Food & Snacks, established in 1968 in Bakkum, has evolved from a small local operation distributing snacks from a backyard shed to a renowned specialist in ragout-filled and breaded snacks. The company has built a reputation for quality, particularly in croquettes and bitterballen, and recently invested in a new, sustainable factory in Oudkarspel to further enhance its production capabilities.
As part of its commitment to corporate social responsibility, Exellent has focused on sustainable practices while aiming to produce the finest snacks globally. By leveraging its extensive expertise in snack production, Exellent Food & Snacks has positioned itself as a significant player in the snack food sector.
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Industry Overview in the Target’s Specific Country
The snack food industry in the Benelux region, comprising Belgium, the Netherlands, and Luxembourg, has seen substantial growth over the past few years, driven by changing consumer preferences that favor convenience and indulgent snack options. The de
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IZICO Food Group
invested in
Exellent Food & Snacks
in 2018
in a Other Private Equity deal