Latest news with #NomadicFoods
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
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
Irish Independent
01-07-2025
- Business
- Irish Independent
Irish food investment group buys Germany's Munsterland
The German firm, founded more than a 100 years ago, is a market leader in non-carbonated ready-to-drink beverages for international brands. Its iced coffees, protein drinks and natural energy teas are sold in more than 20 countries. It has been acquired by Ireland-based Kerga. Kerga is jointly owned by BiaVest and Development Capital, an Irish growth capital fund supporting scaling Irish companies BiaVest is headed by co-founders Hilliard Lombard and David McKernan. Development Capital was founded by Andrew Bourg and Sinéad Heaney. This acquisition is another major step forward in executing Kerga's European growth strategy In 2023, BiaVest also acquired the leading German pasta manufacturer Riesa Nudeln. Kerga said it sees significant growth potential with Munsterland across both existing and new customers and markets. 'This acquisition is another major step forward in executing Kerga's European growth strategy,' said Kerga chief executive Alan Cunningham. '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,' he added. Kerga added that the acquisition complements its investment in Nomadic Foods and further strengthens its overall manufacturing and market access infrastructure. Based in Co Donegal, Nomadic Foods makes a range of yoghurts and yoghurt-based drinks. Kerga said the food firm is delivering strong growth in the UK and Irish markets and that a key strategy for Nomadic is to expand internationally. Mr Cunningham is also the co-founder and CEO of Nomadic Foods. He previously held roles with companies including Donegal Investment Group and Kerry Group. Mr Lombard, the chairperson of Kerga, said that following the acquisition of Munsterland, the Irish food group expects to sell more than 100 million units of product across Europe next year. He added that Kerga continues to hunt for acquisitions. 'Our acquisition strategy targets businesses with proven revenues of €20m-plus, strong track records, and clear scope for innovation and market expansion,' he said. Kerga generated revenue of €30m in 2023, which compared to €27.7m the previous year. It posted a pre-tax profit of €2.1m in 2023, which was up from the €1.5m it made in 2022. The 2023 accounts primarily reflected Kerga's investment in Nomadic Foods. Of its revenue that year, €25.9m was generated in the UK, €4m in Ireland and €99,000 in other European markets.
