M&A Deal Summary

Puratos NV Acquires Foley’s Candies

On June 1, 2023, Puratos NV acquired food company Foley’s Candies from Yellow Point Equity Partners

Acquisition Highlights
  • This is Puratos NV’s 6th transaction in the Food sector.
  • This is Puratos NV’s 1st transaction in Canada.
  • This is Puratos NV’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2023-06-01
Target Foley’s Candies
Sector Food
Buyer(s) Puratos NV
Sellers(s) Yellow Point Equity Partners
Deal Type Add-on Acquisition

Target

Foley’s Candies

Richmond, British Columbia, Canada
Foley’s Candies is a manufacturer of chocolates with a product line of industrial chocolate ingredients, panned chocolate products, and foodservice and private-label packaged goods. Foley’s Candies was founded in 1975 and is based in Richmond, British Columbia.

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Buyer(S) 1

Buyer

Puratos NV

Bijgaarden, Belgium
Category Company
Founded 1919
Sector Food
DESCRIPTION

Puratos NV is an international group, which offers a full range of innovative products and application expertise for artisans, industry, retailers and food service customers in the bakery, patisserie and chocolate sectors.

DEAL STATS #
Overall 6 of 6
Sector (Food) 6 of 6
Type (Add-on Acquisition) 5 of 5
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-09 Diamant Nahrungsmittel

Wels, Austria

Diamant Nahrungsmittel GmbH is a bakery ingredient producer and marketer for the food industry. Diamant Nahrungsmittel GmbH was established in 1962 and is headquartered in Wels, Austria.

Buy -

Seller(S) 1

SELLER

Yellow Point Equity Partners

Vancouver, British Columbia, Canada

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Yellow Point Equity Partners is a private equity group focused on management buyouts and growth investments in mid-sized companies located in Western Canada and the Northwest of the US. Yellow Point will consider opportunities in a wide range of sectors, including basic manufacturing, technology, communications, energy, financial, healthcare, and services. The Firm 'gravitates' towards businesses with established market positions and 'compelling' products. Yellow Point Equity Partners was formed in 2004 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 11 of 12
Sector (Food) 1 of 1
Type (Add-on Acquisition) 8 of 8
State (British Columbia) 7 of 8
Country (Canada) 11 of 12
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Phillips

Victoria, British Columbia, Canada

Phillips is a provider of craft brewery that manufactures and distributes. Phillips has built an award-winning portfolio of brands, including its legendary blue buck ale along with successful new innovations such as Dinosour and iOTA de-alcoholized beer. The company also malts its own barley, distills spirits, manufactures craft soda, and distributes sparkling water and mocktails under its Sparkmouth brand. Phillips was founded in 2001 and is based in Victoria, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-17 Alpine

Delta, British Columbia, Canada

Alpine is a provider of premium facility cleaning and maintenance services. Alpine has been proudly serving building and facility managers for over 40 years. We are dedicated to delivering exceptional services and value. We firmly believe in the core values of hard work, dedication, quality workmanship, and open communication. Alpine was founded in 1980 and is based in Delta, British Columbia.

Buy -
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