08-Apr-2021 - frostkrone Tiefkühlkost GmbH

Frostkrone Food Group acquires Abergavenny Fine Foods Ltd

With Abergavenny Fine Foods Ltd, another company in Great Britain belongs to the Frostkrone Food Group. This strengthens the group's international presence and further expands its product portfolio. Abergavenny Fine Foods Ltd is a market leader in English retail and food service.

Based in South Wales, the company employs a total of 200 people at its new factory built in 2016. Here, Abergavenny Fine Foods Ltd produces finger foods and snacks for the frozen and fresh sectors. In the free-from segment, which is currently in high demand, the company scores with a trendy product selection and well thought-out recipes. Thanks to its innovative product lines, the company has experienced significant economic 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 include well-known global food and food service brands. Key export markets include Australia, Japan and the USA. Current Managing Director Jason Rees will continue to lead Abergavenny Fine Foods Ltd.

"Abergavenny Fine Foods Ltd is a modern business with customers and their needs at its heart. This is exactly in line with Frostkrone Food Group's philosophy. We are very happy that Abergavenny Fine Foods, with its innovative mindset and experience, will become part of our group of companies," explains Frédéric Dervieux, CEO of Frostkrone Food Group.

Frostkrone Food Group continues to grow even in uncertain times

With the acquisition of Abergavenny Fine Foods Ltd, the group now has seven locations worldwide. "We are planning for the future. The finger food and snack market continues to grow and we want to grow significantly as an innovation leader," says Frédéric Dervieux, "The free-from market in particular holds great potential worldwide. The Group was already able to position itself well here last year. With Abergavenny Fine Foods, we now have a strong partner in our team who has great know-how and also excellent business relations with Australia and Japan. We want to seize the opportunity and further expand exports."

Therefore, Frédéric Dervieux is also pleased to announce that Bryson Craske will be advising Frostkrone Food Group on exports. Bryson Craske has worked as commercial manager in the company that his parents founded in the early 80s. He has a broad and varied expertise within the industry and also has excellent knowledge and contacts in the Asia Pacific region. "I am delighted to be able to support the group and I want to continue to contribute to its success after the sale," says Bryson Craske.

Managing Director Jason Rees also points out that Abergavenny Fine Foods Ltd. will be able to open up new markets, further strengthen its market position and consolidate its position beyond the borders of the UK through the merger with the Frostkrone Food Group: "It is a good decision for us to join the Frostkrone Food Group and to jointly continue the successful path we have taken so far in the frozen and chilled finger food sector. In this way, we strengthen the region economically and ensure job security."

Dr. Christian Näther, founding partner of EMERAM, is very pleased with the development of the group of companies: "The success story of the Frostkrone Food Group continues. With the acquisition of Abergavenny Fine Foods Ltd, the company can once again expand its international presence and product range. As a business development partner, we support the sustainable growth of Frostkrone Food Group with expertise and capital. Since our entry in 2017, we have now been able to realise the fifth follow-up acquisition and achieve double-digit annual sales growth. As a result, we have developed Frostkrone Food Group into a global player with seven locations worldwide and around 800 employees." Frostkrone Food Group is a portfolio company of the private equity firm EMERAM Capital Partners.

Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

Facts, background information, dossiers
  • frozen food
  • takeovers
  • fingerfood
  • snacks