Irish-based Kerga completes deal for Germany's Münsterland
The combined businesses are expected to have revenues of more than €60m next year, with the sale of 100 million products forecast.
Today's deal marks Kerga's second acquisition, following the purchase of Donegal's Nomadic Foods in 2021.
Founded over a century ago, Münsterland's iced coffees, protein drinks and natural energy teas are available in over 20 countries. Its brands include Jimmy's Iced Coffee.
Kerga is jointly owned by BiaVest, the Irish specialist food investment group, and Development Capital, an Irish growth capital fund supporting ambitious, scaling Irish companies. In 2023, BiaVest also acquired German pasta manufacturer Riesa Nudeln.
Alan Cunningham, Kerga's chief executive, Kerga, said today's deal is another major step forward in executing its European growth strategy.
"We have a clear roadmap for further acquisitions and are focused on building a portfolio of premium brands and manufacturing assets in high-growth categories. Münsterland is an exceptional business with a proud heritage and a strong reputation for quality and innovation," he added.
Manfred Fleige, Managing Director of Münsterland, said that joining Kerga marks a new chapter for Münsterland.
"In Kerga, we have found a capital-strong partner with a great deal of expertise to support our ambition for the business, particularly in leveraging the site's growth potential. Kerga brings strategic vision, experience, and a long-term focus to help take the business to the next level," he said.
"Together, we can unlock new opportunities, deepen and expand our co-manufacturing partnerships, and advance new production capabilities," he added.
Hilliard Lombard, Kerga Chairperson and BiaVest co-founder, said that convenience food and beverage is a dynamic sector that demands versatility, innovation, and responsiveness to succeed.
"Our acquisition strategy targets businesses with proven revenues of €20m-plus, strong track records, and clear scope for innovation and market expansion. Münsterland fits that profile perfectly, and we're excited about the role it will play in Kerga's next phase," he said.
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