Valeo Foods buys Jacob Fruitfield

VALEO Foods — the joint-venture of Batchelors and Origin Enterprises’ branded food division — has acquired iconic Irish consumer food group, Jacob Fruitfield for an undisclosed sum.

The deal, which will require regulatory approval before reaching conclusion, is set to form one of Ireland’s biggest ambient consumer food groups, with an annual turnover of around €300 million and a workforce of nearly 500.

Valeo, controlled by London-based private equity house, CapVest, said the deal is consistent with its strategy of growth and makes commercial sense.