BEL: Bel finalizes the acquisition of All In Foods
18 Junho 2020 - 1:00PM
BEL: Bel finalizes the acquisition of All In Foods
Suresnes – June 18, 2020 at 6.00
p.m.
Bel finalizes the acquisition of All In
Foods
After the fulfillment of all of the suspensive
conditions, Bel announces today the finalization of the acquisition
of 80% of All In Foods’ share capital, the founding family keeping
the remaining 20%.
All In Foods develops a wide range of
plant-based alternatives to cheese (available in slices, blocks,
bloomy rind, grated, and spreads), as well as plant-based sauces
coming from a recognized know-how on the market. The acquisition is
in line with Bel’s strategy unveiled in 2015 aimed at expanding the
company’s activities beyond cheese products to become a major
player in the healthy snack market. Bel confirms its willingness to
diversify its product offering through growth in dairy, fruit and
plant-based products, three complementary food segments.
This press release may contain forward-looking
statements. Such trend and/or target information should in no way
be regarded as earnings forecast data or performance indicators of
any kind. This information is by nature subject to risks and
uncertainties that may be beyond the Company's control. A detailed
description of these risks and uncertainties is provided in the
Company's Universal Registration Document, available at
(www.groupe-bel.com). More comprehensive information about the Bel
Group can be found in the "Regulatory Information" section of the
www.groupe-bel.com website.
About Bel
The Bel Group is a world leader in branded
cheese and a major player in the healthy snack market. Its
portfolio of differentiated and internationally recognized brands
include such products as The Laughing Cow®, Kiri®, Mini Babybel®,
Leerdammer®, Boursin®, Pom’Potes®, and GoGo squeeZ®, as well as
some 20 local brands. Together, these brands helped the Group
generate sales of €3.4 billion in 2019.
Some 12,400 employees in some 30 subsidiaries
around the world contribute to the deployment of the Group's
mission to champion healthier and responsible food all. Bel
products are prepared at 32 production sites and distributed in
nearly 120 countries.
www.groupe-bel.com
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Public relations Bel Group –
Agence BCW Alice Dalla Costa / Cécile Pochard
alice.dalla-costa@bcw-global.com / cecile.pochard@bcw-global.com
+33 (0)1 56 03 12 26 / +33 (0)1 56 03 12 95
- Bel Group_Acquisition All In Foods_18062020