M&As this week: Societe L.D.C., Frutarom, Swander Pace Capital


Poultry product manufacturer Societe L.D.C. has acquired another poultry producer named Groupe Lionor.

Both the companies involved in the acquisition are based in France.

Frutarom has reached an agreement to purchase a 60% stake in Western Flavours Fragrances Production, along with an option to purchase the remaining stake after four years from the completion of the transaction.

The purchase consideration for the deal is $1.3m.

"Brighter Foods intends to use the proceeds to expand and improve its capacity and product range."

Based in Vietnam, the target company develops and produces flavours for dairy, beverages, confectionery and baked goods segments.

The acquirer company is a flavours and natural speciality fine ingredients provider based in Israel.

Swander Pace Capital, a private equity company focusing on firms specialising in consumer products, has bought Passport Food for an undisclosed sum.

Based in the US, Passport Food is a manufacturer and distributor of internationally flavoured foods to foodservice and retail channels.

Real Good Food has acquired an 84.33% stake in Brighter Foods, a Welsh snack bar manufacturer.

The consideration for the purchase is £9m ($11.19m) on a cash and debt-free basis, to be paid 50% initially and the remaining upon audit of 2017-2018 accounts.

Brighter Foods intends to use the proceeds to expand and improve its capacity and product range.