Kettle Foods Ltd.

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Kettle Foods Ltd. - overview

Established

1988

Location

Norwich, Norfolk, UK

Primary Industry

Food

About

Kettle Foods Ltd. specializes in premium snacks, particularly known for its KETTLE® Chips, crafted with high-quality ingredients and traditional cooking methods for a unique snacking experience. Kettle Foods Ltd. operates as a manufacturer of snack products, including KETTLE® Chips, Metcalfe’s Skinny popcorn, and Kettle Cornpoppers.


Founded in 1988, the company is headquartered in Norwich, UK. In September 2019, Valeo Foods Ltd. acquired Kettle Foods from Campbell Soup Company, marking a significant business transition. The company has successfully established a strong presence in the UK and European retail markets, partnering with major grocery chains for distribution.


Kettle Foods Ltd. is renowned for its flagship product, KETTLE® Chips, which are prepared using high-quality ingredients and traditional cooking methods to deliver a premium snacking experience. The company also offers Metcalfe’s Skinny popcorn and Kettle Cornpoppers, expanding its product line to cater to diverse consumer preferences, including those seeking healthier snacking options. These products are designed to meet the needs of health-conscious consumers and are commonly enjoyed in various settings, from casual home snacking to social gatherings.


Kettle Foods primarily serves retail markets across the UK and Europe, partnering with major grocery chains and specialty food stores to distribute its range effectively. The company focuses on delivering snacks that combine exceptional taste with unique flavor profiles, thereby appealing to a wide customer base that values quality and taste in their food choices. Kettle Foods Ltd. generates revenue primarily through the sale of its snack products to retailers and wholesalers, establishing a B2B transaction structure that allows for widespread distribution across various market segments.


In 2024, the company reported revenue of USD 177. 21 mn and an EBITDA of USD 1. 93 mn. While specific pricing details for individual products are not disclosed, the company's pricing strategy reflects its premium snack positioning, contributing to the overall financial health and market presence.


Kettle Foods Ltd. is focused on expanding its product line and exploring new market opportunities. The company is expected to introduce new flavors of KETTLE® Chips and Metcalfe’s Skinny popcorn in the upcoming year, catering to evolving consumer tastes. Additionally, Kettle Foods aims to extend its geographic footprint into new regions across Europe by 2025.


The acquisition by Valeo Foods in 2019 is anticipated to provide strategic support and resources for these initiatives.


Current Investors

Valeo Foods Group

Primary Industry

Food

Sub Industries

Snack Foods, Food & Beverage Distribution

Website

www.kettlefoods.co.uk

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Kettle Foods Ltd. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedKettle Foods Ltd.-

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