One Rock Capital Partners Plans Acquisition of Europe Snacks
One Rock Capital Partners Plans Acquisition of Europe Snacks
One Rock Capital Partners, LLC ("One Rock") has announced that an affiliate has entered into an exclusive agreement relating to the planned acquisition of Europe Snacks (the "Company"), a leading private label manufacturer of savory snacks for the European market. Europe Snacks provides stacked chips, snacks, crisps and crackers to major food retailers throughout Europe, and is a trusted co-manufacturing partner to international brands in the region.
Kurt Beyer, Partner at One Rock:
"Over the past three decades, Europe Snacks has grown to be a leader in the private label market across its key product categories and geographies. We are excited to partner with the team, to build upon their strong heritage and to continue driving growth."
Lukas Zeitlberger, Principal at One Rock:
"Europe Snacks aligns well with our investment strategy of acquiring leading companies with potential for growth and improvement. We look forward to working closely with management to enhance the Company’s operations and capitalize on new market opportunities."
Étienne Lecomte, CEO of Europe Snacks:
"We are looking forward to joining forces with One Rock as we enter our next phase of growth. One Rock’s Operating Partners bring decades of expertise in our core markets and we will look to leverage their knowledge and experience as we aim to bring even more innovation and value to our customers."
Spayne Lindsay & Co. and Natixis Partners acted as M&A advisors to One Rock. Latham & Watkins LLP served as legal counsel. Debt financing was provided by Barclays, Natixis, Rabobank, RBI, Santander and Goldman Sachs.