Food Union Group
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Food Union Group - overview
Established
1927
Location
Riga, -, Latvia
Primary Industry
Food
About
Founded in 1927 by co-founders Andrey Beskhmelnitskiy, and based in Riga, Latvia, Food Union Group is a manufacturer of food products including ice cream, milk, yogurt, butter and cheese. In January 2024, PAG acquired the Food Union Group from Meridian Capital. Food Union Group offers a diverse range of dairy and ice cream products under various brands, including Smiekliņš, Lido, Ekselence, and Valmiermuižas Saldējums, catering to a wide variety of consumer preferences and tastes. The dairy portfolio includes milk, yogurt, butter, cheese, and other dairy-based products under brands like Rīgas Piens, Premia, and Bauskas Piens, providing consumers with essential dairy staples.
Additionally, the company produces various types of butter, including salted, unsalted, and flavored options. The firm also offers a wide range of cheese products, including hard, soft, and processed cheeses. Their cheese products are popular for both snacking and cooking. The January 2024 acquisition will support Food Union's continued growth and expansion.
Current Investors
PAG, Meridian Capital
Primary Industry
Food
Sub Industries
Snack Foods, Dairy Products, Food & Beverage Distribution
Website
www.foodunion.lv
Verticals
E-commerce, Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Food Union Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Food Union Group | - | ||||||||
| Growth | Completed | Food Union Group | - | ||||||||
| Trade Sale | Completed | Mejerigaarden A / S | - | ||||||||
| Growth | Completed | Food Union Group | - |
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