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Hilton Food Group Acquires Dutch Seafood Company for 101M Dollars; Philip Heffer and Andre van der Padt Comment

Hilton Food Group Acquires Dutch Seafood Company for 101M Dollars; Philip Heffer and Andre van der Padt Comment


LONDON, ENGLAND
Monday, December 27th, 2021

Deli’s seafood scene saw a major shift recently as Hilton Food Group has agreed to acquire international smoked salmon producer Dutch Seafood Company, trading under Foppen. With this acquisition, Hilton will be expanding its presence in a growing protein category in addition to entering the United States, a new geography for the multi-protein food business.

Philip Heffer, Chief Executive Officer, Hilton Food Group“The acquisition of Foppen is an exceptional opportunity for Hilton and another step toward our goal of becoming the global protein partner of choice,” Hilton’s Chief Executive Officer Philip Heffer commented. “More and more consumers around the world are seeking affordable, high-quality, and sustainable protein, and this acquisition will help Hilton take our offer into new markets and to new global customers for the first time.”

Hilton has agreed to acquire Foppen for an enterprise value of approximately €90 million ($101.5 million) payable in cash on completion. Completion of the transaction is subject to Dutch competition authority and works council approval.

Andre van der Padt, Chief Executive Officer, Foppen“We are excited by the future prospects of Foppen under Hilton’s ownership and look forward to working with Philip and team,” Andre van der Padt, Foppen Chief Executive Officer, stated. “Foppen’s offer to customers, suppliers, and employees will be enhanced as part of Hilton Food Group.”

In the release, Hilton stated Foppen is an attractive business that highly complements its portfolio, as smoked salmon diversifies Hilton into a protein category with a strong growth outlook. Foppen is focused on added value specialty smoked salmon products and is expected to significantly enhance Hilton’s customer base through the U.S. as well as development in the Netherlands.

Hilton Food Group has announced an agreement to acquire international smoked salmon producer Dutch Seafood Company, which is trading under the Foppen name

“Foppen’s premium product portfolio and strong customer relationships are a great fit for Hilton’s model, while Hilton’s strong ESG credentials in seafood will make sure our future growth plans are sustainable in every sense of the word. We welcome Foppen’s management and employees and look forward to delivering profitable growth through the combination of Hilton and Foppen,” continued Heffer.

The announcement follows the recent full acquisition of Dalco, a leading vegan and vegetarian food manufacturer, the acquisition of Fairfax Meadow, as well as Hilton’s expansion into Hilton Seafood, together with several years of sustained growth in seafood and plant-based foods by the business.

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Hilton Food Group
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