Victus Participations acquired Frigilunch, a Belgian specialist in frozen ready-meals, to drive growth and innovation in the food sector.
Target Company Overview
Frigilunch, located in Veurne, Belgium, is a specialist in the production of deep-frozen ready-meals. The company has been a key player in the European frozen food sector since its inception in 1970, offering both private label products and its own brands, including Frigilunch, Vers aan Tafel, and Delimeal. In addition to serving European retailers, Frigilunch has also expanded into meal delivery services in Belgium and the Netherlands.
Frigilunch produces over 15 million frozen ready-meals annually and operates its own distribution centers in Wingene, Tienen, Boechout in Belgium, and Lelystad in the Netherlands. The company primarily serves markets in Belgium, the Netherlands, Denmark, Sweden, Germany, France, and the United Kingdom, employing approximately 145 staff members.
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Industry Overview
The frozen food industry in Belgium is characterized by a robust demand for convenient meal solutions, which has been significantly boosted by changing consumer behaviors. A growing inclination
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Victus Participations
invested in
Frigilunch
in 2020
in a Buyout deal
Disclosed details
Transaction Size: $98M