The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Food And Beverage Manufacture Of Food Products 10.7 - Manufacture Of Bakery And Farinaceous Products
200 jobs Number of planned job creations
Announcement Date
11 September 2024
Employment effect (start)
11 September 2024
Foreseen end date
31 December 2024
Description
The snacks manufacturer Europe Snacks is changing ownership and announcing the recruitment of 200 employees by the end of the year. One Rock Capital Partners has acquired the stake held by Seven2 (formerly Apax Partners), majority shareholder in Europe Snacks since 2013. The new shareholder intends to continue Europe Snacks' strategy of international expansion through acquisitions, particularly in Eastern Europe, Germany and Italy. The 200 jobs are scheduled to be created at the Vendée site by the end of the year.
Since 2013, as a result of acquisitions and organic growth, sales have risen from €80 million to almost €700 million by 2024, with sales doubling over the last four years. The group now employs 2,200 people in seven production units across Europe.
Eurofound (2024), Europe Snacks, Business expansion in France, factsheet number 201587, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201587.
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