One Rock Capital Partners, LLC (“One Rock”) has announced that an affiliate has entered into an exclusive agreement to acquire Europe Snacks, a leading private label manufacturer of savoury snacks for the European market. This acquisition represents a significant strategic step for One Rock as it continues to build its portfolio in the food manufacturing sector, particularly within the private label market.
Europe Snacks is a key player in the production of stacked chips, snacks, crisps, and crackers, serving major food retailers across Europe. The company has also established itself as a trusted co-manufacturing partner for international brands, further solidifying its reputation in the industry. With decades of expertise in the savoury snack market, Europe Snacks has become synonymous with quality, innovation, and reliability.
Building on Strong Foundations
Kurt Beyer, Partner at One Rock, expressed enthusiasm about the acquisition: “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’re thrilled to collaborate with the team to build on their rich legacy and further accelerate their growth.”
This partnership will enable Europe Snacks to leverage One Rock’s resources and expertise, positioning the company for continued expansion in the highly competitive European snack market. With the snack food industry showing consistent growth, particularly in the private label sector, the timing of this acquisition aligns well with One Rock’s investment strategy.
Strategic Growth Opportunity
Lukas Zeitlberger, Principal at One Rock, emphasised the strategic value of the acquisition, stating, “Europe Snacks fits seamlessly into our investment approach of acquiring top companies with room for growth and enhancement. We are eager to collaborate with the management team to optimise the company’s operations and seize new opportunities in the market.”
One Rock’s experience in enhancing operational efficiency and driving innovation will be instrumental as Europe Snacks seeks to further expand its presence across Europe. The snack food industry is evolving, with consumer preferences shifting towards healthier options, innovative flavours, and sustainable packaging. This presents new avenues for growth, which One Rock and Europe Snacks are well-positioned to explore together.
A Vision for Innovation and Value
Étienne Lecomte, CEO of Europe Snacks, expressed optimism about the future: “We are looking forward to joining forces with One Rock as we enter our next phase of growth. One Rock’s Operating Partners offer decades of expertise in our key markets, and we plan to tap into their knowledge and experience to drive further innovation and deliver greater value to our customers.”
Europe Snacks has consistently demonstrated its ability to innovate, responding to market demands with new products and solutions that meet the evolving tastes of consumers. With the support of One Rock, the company aims to accelerate its innovation efforts, particularly in product development and sustainable practices.
Advisors and Financing
The acquisition has garnered the support of several key financial institutions and advisors. Spayne Lindsay & Co. and Natixis Partners served as M&A advisors to One Rock, while Latham & Watkins LLP provided legal counsel. Debt financing was secured from Barclays, Natixis, Rabobank, RBI, Santander, and Goldman Sachs.
This acquisition is expected to close in the coming months, subject to regulatory approvals and other customary closing conditions. As Europe Snacks and One Rock Capital work towards finalizing the deal, both parties are focused on ensuring a seamless transition that supports long-term growth and success.
A New Era for Europe Snacks
As Europe Snacks prepares to embark on this new chapter, the acquisition marks a pivotal moment in the company’s history. With One Rock’s backing, Europe Snacks is poised to strengthen its leadership position in the European snack market, continuing to deliver quality, innovation, and value to its customers.
The collaboration between One Rock and Europe Snacks will not only drive operational improvements but also foster innovation that benefits consumers and partners alike. Together, they are set to shape the future of the European snack industry, combining experience, expertise, and a shared commitment to excellence.
