Latest news with #Münsterland
Yahoo
03-07-2025
- Business
- Yahoo
German dairy group Münsterland J Lülf sold to Irish investors
Irish investment company Kerga has acquired Münsterland J Lülf, a German RTD specialist, for an undisclosed sum. Münsterland J Lülf produces non-carbonated drinks for brands such as Jimmy's Iced Coffee, part of the Carlsberg stable. It also markets dairy drinks under the Münsterland brand. Kerga, jointly owned by Irish investment funds BiaVest and Development Capital, was set up to acquire and develop 'nourishing convenience companies' in the food and beverage sector. In its statement, Kerga said Münsterland J Lül offers 'significant growth potential' and 'complements' its portfolio company Nomadic Foods, the Irish dairy group. The deal 'strengthens its overall manufacturing and market access infrastructure', including Nomadic's range of convenient snacking products, Kerga said. Alan Cunningham, Kerga's CEO, said the deal is a 'major step forward in executing Kerga's European growth strategy'. He added: "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's products include iced coffees and protein drinks, available in over 20 countries. Hilliard Lombard, Kerga chairperson and BiaVest co-founder, said Münsterland aligns 'perfectly' with the investment fund's criteria of businesses with 'proven revenues' of over €20m ($23.5m). Münsterland managing director Manfred Fleige added: 'Kerga brings strategic vision, experience and a long-term focus to help take the business to the next level. Together, we can unlock new opportunities, deepen and expand our co-manufacturing partnerships, and advance new production capabilities.' According to Kerga, Münsterland and Nomadic are projected to achieve sales exceeding 100 million units across more than 20 European nations. Kerga's portfolio also includes Offbeat Donuts. In 2023, BiaVest also acquired German pasta manufacturer Riesa Nudeln. "German dairy group Münsterland J Lülf sold to Irish investors" was originally created and published by Investment Monitor, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
RTÉ News
02-07-2025
- Business
- RTÉ News
Irish-based Kerga completes deal for Germany's Münsterland
Irish food investment company Kerga has acquired Germany's Múnsterland J Lúlf - which specialises in ready-to-drink coffee and dairy products. 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.
Yahoo
02-07-2025
- Business
- Yahoo
German drinks group Munsterland J Lülf sold to Irish investors
Irish investment company Kerga has acquired Münsterland J Lülf, a German RTD specialist, for an undisclosed sum. Münsterland J Lülf produces non-carbonated drinks for brands such as Jimmy's Iced Coffee, part of the Carlsberg stable. It also markets dairy drinks under the Münsterland brand. Kerga, jointly owned by Irish investment funds BiaVest and Development Capital, was set up to acquire and develop 'nourishing convenience companies' in the food and beverage sector. In its statement, Kerga said Münsterland J Lül offers 'significant growth potential' and 'complements' its portfolio company Nomadic Foods, the Irish dairy group. The deal 'strengthens its overall manufacturing and market access infrastructure', including Nomadic's range of convenient snacking products, Kerga said. Alan Cunningham, Kerga's CEO, said the deal is a 'major step forward in executing Kerga's European growth strategy'. He added: "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's products include iced coffees and protein drinks, available in over 20 countries. Hilliard Lombard, Kerga chairperson and BiaVest co-founder, said Münsterland aligns 'perfectly' with the investment fund's criteria of businesses with 'proven revenues' of over €20m ($23.5m). Münsterland managing director Manfred Fleige added: 'Kerga brings strategic vision, experience and a long-term focus to help take the business to the next level. Together, we can unlock new opportunities, deepen and expand our co-manufacturing partnerships, and advance new production capabilities.' According to Kerga, Münsterland and Nomadic are projected to achieve sales exceeding 100 million units across more than 20 European nations. Kerga's portfolio also includes Offbeat Donuts. In 2023, BiaVest also acquired German pasta manufacturer Riesa Nudeln. "German drinks group Munsterland J Lülf sold to Irish investors" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-07-2025
- Business
- Yahoo
German dairy group Munsterland J Lülf sold to Irish investors
Irish investment company Kerga has acquired Münsterland J Lülf, a German RTD specialist, for an undisclosed sum. Münsterland J Lülf produces non-carbonated drinks for brands such as Jimmy's Iced Coffee, part of the Carlsberg stable. It also markets dairy drinks under the Münsterland brand. Kerga, jointly owned by Irish investment funds BiaVest and Development Capital, was set up to acquire and develop 'nourishing convenience companies' in the food and beverage sector. In its statement, Kerga said Münsterland J Lül offers 'significant growth potential' and 'complements' its portfolio company Nomadic Foods, the Irish dairy group. The deal 'strengthens its overall manufacturing and market access infrastructure', including Nomadic's range of convenient snacking products, Kerga said. Alan Cunningham, Kerga's CEO, said the deal is a 'major step forward in executing Kerga's European growth strategy'. He added: "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's products include iced coffees and protein drinks, available in over 20 countries. Hilliard Lombard, Kerga chairperson and BiaVest co-founder, said Münsterland aligns 'perfectly' with the investment fund's criteria of businesses with 'proven revenues' of over €20m ($23.5m). Münsterland managing director Manfred Fleige added: 'Kerga brings strategic vision, experience and a long-term focus to help take the business to the next level. Together, we can unlock new opportunities, deepen and expand our co-manufacturing partnerships, and advance new production capabilities.' According to Kerga, Münsterland and Nomadic are projected to achieve sales exceeding 100 million units across more than 20 European nations. Kerga's portfolio also includes Offbeat Donuts. In 2023, BiaVest also acquired German pasta manufacturer Riesa Nudeln. "German dairy group Munsterland J Lülf sold to Irish investors" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
