GOODLIFE FOODS acquired by EGERIA
Context
Royal Wessanen has agreed to sell its frozen snack subsidiary, Izico (renamed GoodLife Foods), to the private equity firm Egeria. This divestment allows Wessanen to refocus its strategy entirely on "healthy and sustainable food" (brands like Bjorg, Clipper). For Egeria, this acquisition marks the beginning of a "Buy-and-Build" platform that would eventually become GoodLife Foods.
GOODLIFE FOODS, which reported an EBITDA margin of in 2013, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the AgriFood sector (11.0x).
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Target
Headquartered in Breda, GoodLife Foods is a leading European manufacturer of frozen snacks. The company produces a wide range of products including frikadellen, spring rolls, hamburgers, and meat-free snacks. It operates under brands like Beckers, Bicky, Daloon, and GoodLife, while also being a major private label partner for retailers across Europe. At the time of exit, it had ~740 FTEs and 6 production plants.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with GOODLIFE FOODS
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2023 | IK PARTNERS | GOODLIFE FOODS | NETHERLANDS | Food Products |
REFERENCES
Valuation range: EV 50M - 150M EUR
Revenue range: 100M - 200M EUR
EBITDA range: 5M - 25M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: egeria