Frostkrone Food Group acquires the Abergavenny Fine Foods Ltd.
Rietberg/Germany, 6 April 2021. The Frostkrone Food Group is delighted to acquire another business in Great Britain – Abergavenny Fine Foods Ltd. as a result, the Frostkrone Food Group is expanding its international presence once again with adding an exciting and diverse finger food and snack selection/expert to its product portfolio. Abergavenny Fine Foods Ltd is extremely successful and a market leader in the British retail and food service sector.
Company headquarters is located in South Wales in a plant built in 2016 where a total of 200 staff are employed. This is where the Abergavenny Fine Foods Ltd creates delicious finger food and snack combinations in the form of deep-frozen goods or as fresh produce. Against the backcloth of a hugely popular free-from segment, the company is riding high with its trendy product selections and well-thought-out recipes. Thanks to its state-of-the-art and highly competitive production lines, the company has enjoyed significant commercial growth in recent years. The product range includes finger foods such as Halloumi Fries, Jalapeño Poppers, Mac'n'Cheese Croquettes, Jaffa Cake Bites as well as goat cheese products. Its customers represent reputable and internationally successful foodstuff and food service brands. And the significant export markets for the company are Australia, Japan and the USA. Jason Rees, Managing Director at the helm up until now, will continue to run the Abergavenny Fine Foods Ltd.
“Abergavenny Fine Foods Ltd: here we have a cutting-edge business venture that focuses on its customers and their wishes. Such a precept mirrors exactly the philosophy of the Frostkrone Food Group. So we are delighted that Abergavenny Fine Foods Ltd with their innovative thinking and their experience will be part of our Company Group,” enthuses Frédéric Dervieux, CEO of the Frostkrone Food Group.
Frostkrone Food Group continues growth even in precarious times
Following the acquisition of Abergavenny Fine Foods Ltd., the Company Group now boasts seven locations worldwide. “We’re planning for the future. The finger food and snack market is continuing to grow and we, as an innovation driver, want to definitively grow with it,” explains Frédéric Dervieux. “We believe it is especially the free-from market that holds great potential all around the world. The group of companies was able to convincingly position itself in this segment already last year. Now with Abergavenny Fine Foods Ltd., we have a strong partner in our team, a partner who has a tremendous amount of know-how at their fingertips and fantastic business connections to Australia and Japan.” We now want to leverage this opportunity and continue expanding our exports.”
Frédéric Dervieux is also delighted to announce that Bryson Craske will be providing consultancy advice to the Frostkrone Food Group in the area of Export. Bryson Craske has worked in the company that his parents founded in the early 80’s as the Commercial Director. He possesses broad and multifaceted expertise within the branch and, furthermore, has excellent knowledge and contacts in the Asia Pacific regions. “I am delighted that I will be able to support the Company Group and will look to contribute to its success well after the sale process is complete,” explains Bryson Craske.
In a similar vein, Managing Director Jason Rees points out that through the merger with the Frostkrone Food Group, Abergavenny Fine Foods Ltd will be able to open up more markets and further strengthen its market position and consolidate their standing well beyond the UK's borders: “We are very excited to be joining the Frostkrone Food Group and continuing on our growth journey in frozen and chilled finger food together, bringing more value and job security to Wales and the local area in the process.”
Dr. Christian Näther, founding partner of EMERAM, says: "The successful expansion of the Frostkrone Food Group confirms our positioning as a business development partner. EMERAM enables sustainable growth with its expertise and capital strength. Since our investment in 2017, we have now been able to realize the fifth follow-up acquisition and achieve double-digit annual sales growth. As a result, we have further developed the Frostkrone Food Group into a global player with seven locations worldwide and around 800 employees. Our comprehensive commitment to the portfolio companies will benefit employees, customers and investors alike."
ABOUT FROSTKRONE FOOD GROUP
Frostkrone - headquartered in Rietberg, North Rhine-Westphalia - specialises in the manufacture and sale of frozen finger food and snack products. Since it was founded in 1997, the company has established itself as an innovative trendsetter in the frozen convenience food sector.
In addition to frostkrone Tiefkühlkost GmbH and Bornholter Käsevertriebs- und Produktionsgesellschaft GmbH, Piz'wich Europe SAS and Varenne Gastronomie SAS have been part of the Frostkrone Food Group since 2018. In 2019, the US company Rite Stuff Foods, Inc. was included. Since February 2020, the U.K. company, Innovate Foods Ltd., has also been added to the group of companies.
The Frostkrone Food Group is characterised by a large variety of finger foods and snacks and sells its products in food retail and in the food service sector.
The many-faceted range of products is available worldwide, including in Scandinavia, the Netherlands, France, Spain, Portugal, the United Kingdom, Switzerland, Eastern Europe, Asia and the USA.
The Frostkrone Food Group has several modern production facilities in Germany, France, Great Britain and the USA.
ABOUT EMERAM CAPITAL PARTNERS – www.emeram.com
EMERAM is one of the leading investment companies for medium-sized companies in the German-speaking region. Funds advised by EMERAM currently provide 400 million euros of capital for the development of companies. The portfolio includes companies from the consumer, technology/software and services sectors.
EMERAM acts as a long-term business development partner for its companies, promoting the sustainable growth (organic and inorganic) of the portfolio companies. Together, the team has successfully closed more than 60 transactions and supported the development of portfolio companies by serving on more than 50 advisory and supervisory boards. EMERAM was founded in 2012 as an independent partnership in Munich.