- Burts will continue its operations from the two manufacturing facilities in Plymouth and Leicester
- This acquisition is likely to be completed in March 2023
- Apax Partners is global private equity firm with funds worth €5 billion
Apax Partners-backed Europe Snacks will acquire 100% of Burts Snacks, a hand-cooked snacking firm headquartered in Plymouth, Devon.
This acquisition is likely to be completed in March 2023.
Apax first invested in Europe Snacks in 2013.
“Since our initial investment in Europe Snacks, we have continuously supported the company and its management team to position itself at the forefront of innovation and scale its business, notably in the UK with the transformational acquisition of Kolak in 2016,” Bruno Candelier, partner at Apax. “The acquisition of Burts is fully in line with the roadmap set when we originally invested.”
Burts will continue its operations from the two manufacturing facilities in Plymouth and Leicester, led by Dave McNulty, managing director.
Europe Snacks and Burts’ combined manufacturing and supply chains will enable the firm to further invest in additional capacity and service excellence, according to a release.
Europe Snacks entered the UK market in 2016 with the acquisition of Kolak Snack Foods.
Based in Paris, France, Europe Snacks is a European producer of savoury snacks for third party brands. The firm’s recent acquisition includes Grupo Ibersnacks in 2018.
Apax Partners is a private equity firm that invests in high-growth SMEs and SMIs in tech & telecom, services, health, and consumer goods. With headquarters in Paris, the firm manages funds worth over €5 billion.