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https://www.foodmanufacture.co.uk/Article/2021/08/09/Valeo-agrees-to-acquire-meat-snacks-group-NWFE
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Our mission is to provide and share B2B knowledge enabling people to succeed in business We accomplish this by providing high-value information and research, robust online and print journalism, innovative exhibitions and conferences, and revered awards. william-reed.com CONTINUE TO SITE > Or wait...2s Menu * Home * Trending * Back to Trending * COVID-19 * Obesity * Industry 4.0 * Emerging Science & Tech * Brexit * Allergens * Start-ups * Veganism * Expertise * Back to Expertise * Operations * Technical * Environment * People & Skills * Legal * NPD * Food Safety * Supply Chain * Packaging & Labelling * Promotional Features * Sectors * Back to Sectors * Ambient foods * Bakery * Drinks * Chilled foods * Confectionery * Dairy * Fresh produce * Frozen * Meat, poultry & seafood * Ingredients * Resources * Back to Resources * Carbohydrates and fibres (sugar, starches) * Cereals and bakery preparations * Hygiene, safety & cleaning * Chocolate and confectionery ingredients * IT * Cultures, enzymes, yeast * Packaging equipment * Dairy-based ingredients * Packaging materials * Emulsifiers, stabilisers, hydrocolloids * Processing equipment * Fats & oils * Services * Flavours and colours * Food safety and labelling * Fruit, vegetable, nut ingredients * Health and nutritional ingredients * Meat, fish and savoury ingredients * Preservatives and acidulants * Proteins, non-dairy * Sweeteners (intense, bulk, polyols) * Events * Back to Events * All Events * All Events * Shows & Conferences * Editorial Webinars * Online Events * Awards * Resources * Back to Resources * Products * Technical Papers * Product Brochures * Videos & Audio * Supplier Webinars * Suppliers * Foodmanjobs * Sign up to our newsletters Search Send * Inside food & drink manufacturing * Follow us on Facebook * Follow us on Twitter * Follow us on LinkedIn Free newsletter Subscribe Trending COVID-19 Obesity Industry 4.0 Emerging Science & Tech Brexit Allergens Start-ups Veganism Site Archive * August 2021 * July 2021 * All News Multimedia * Videos * Podcasts * Photo Galleries Expertise Operations Technical Environment People & Skills Legal NPD Food Safety Supply Chain Packaging & Labelling Promotional Features Site Archive * August 2021 * July 2021 * All News Multimedia * Videos * Podcasts * Photo Galleries Sectors Ambient foods Bakery Drinks Chilled foods Confectionery Dairy Fresh produce Frozen Meat, poultry & seafood Site Archive * August 2021 * July 2021 * All News Multimedia * Videos * Podcasts * Photo Galleries Ingredients Resources * Carbohydrates and fibres (sugar, starches) * Cereals and bakery preparations * Hygiene, safety & cleaning * Chocolate and confectionery ingredients * IT * Cultures, enzymes, yeast * Packaging equipment * Dairy-based ingredients * Packaging materials * Emulsifiers, stabilisers, hydrocolloids * Processing equipment * Fats & oils * Services * Flavours and colours * Food safety and labelling * Fruit, vegetable, nut ingredients * Health and nutritional ingredients * Meat, fish and savoury ingredients * Preservatives and acidulants * Proteins, non-dairy * Sweeteners (intense, bulk, polyols) Type of resources * Products * Technical Papers * Product Brochures * Videos & Audio * Supplier Webinars * Suppliers Events All Events Shows & Conferences Editorial Webinars Online Events Awards Events * All Events Foodmanjobs Search Send Subscribe to our FREE newsletter Subscribe VALEO AGREES TO ACQUIRE MEAT SNACKS GROUP NWFE By Rod Addy contact 09-Aug-2021 - Last updated on 09-Aug-2021 at 14:57 GMT AddThis Sharing Buttons Share to FacebookFacebookShare to TwitterTwitterShare to LinkedInLinkedIn Email to a friend post a comment NWFE's brands include Wild West and Cruga Related tags: Finance, Ambient, Meat & Seafood Valeo Foods Group - owner of Rowse Honey, Kettle crisps and Jacob's biscuits - has agreed to acquire meat snacks producer New World Foods Europe (NWFE) from Australia-based entrepreneur Tony Quinn. Valeo Foods, a portfolio company of CapVest Partners LLP, was recently acquired by Bain Capital Private Equity and the transaction is due to close in the coming weeks. Since its formation in 2010, Valeo Foods has become a major international food business across the UK, Ireland and Continental Europe, generating annual revenues of over €1.2bn. It has expanded rapidly and NWFE marks its 19th acquisition. It looked set to add £25m in sales to its revenue, Valeo Foods said. The group’s diversified products, which are sold in more than 106 countries around the world, include numerous heritage brand leaders in key growth categories like snacking & sweet treats, confectionery, health & wellness, baking & meal ingredients and food service. The UK is Valeo Foods’ biggest market, accounting for just over half of current revenues. Meatsnacks Group NWFE has also achieved considerable growth since 2018, when it acquired The Meatsnacks Group, co-founded by James Newitt, managing director. Newitt was an early pioneer for jerky and biltong in the UK and Valeo Foods said he would continue to lead the NWFE business. Its portfolio includes brands such as Kings, Wild West, Speyside and Cruga, plus premium private labels. That success has been underpinned by new product innovation and optimisation of its factories. Employing 120 people at its main operations in York and Forres, NWFE will become part of the Valeo Foods snacking division headed by Ashley Hicks, which includes Kettle Foods, Tangerine Confectionery, Big Bear and Its All Good. Growth potential "The acquisition of NWFE adds a new and very strong dimension to our snacking business and we are very excited about the growth potential of NWFE’s portfolio of on-trend protein snacks and the opportunity to further develop the meat snacks category,” Seamus Kearney, group chief executive of Valeo Foods, said. Newitt said: “We identified Valeo Foods as the perfect strategic fit to leverage further distribution opportunities in all channels, particularly international and convenience as well as benefit from a more holistic and localised ownership. "The team are excited, with the support of Ashley Hicks and the wider Valeo team, to accelerate our growth strategy which includes some exciting NPD." Copyright - Unless otherwise stated all contents of this web site are © 2021 - William Reed Business Media Ltd - All Rights Reserved - Full details for the use of materials on this site can be found in the Terms & Conditions Related topics: Meat, poultry & seafood, Business Leaders Subscribe to our FREE newsletter Subscribe RELATED NEWS * Valeo Foods sale agreed by owner CapVest * Valeo Foods auction to hook financial big hitters – analyst * Valeo Confectionery to cut jobs at Yorkshire plant * Valeo Foods confectionery deal to boost sales to €1.2bn COMMENTS POST YOUR COMMENT Comment title* Comment message* Your Name* Your E-mail* We will not publish your email address on the website I agree to Terms and Conditions.* These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors. Post your comment FOLLOW US * Facebook * Twitter * Linkedin * Newsletters PRODUCTS View more * Hillbrush UK | Download Technical / White Paper Up to 20% off Hygienic Workplace Organisation * Aptean | Download Technical / White Paper A Food Manufacturer’s Guide to Traceability * Sagentia Innovation | Download Technical / White Paper How R&D teams can respond faster to market changes * Aptean | Download Technical / White Paper Got a lot on your plate? 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