European fresh produce group Total Produce has announced a €23m deal to acquire a 60 per cent stake in two Dutch companies, Haluco and Nedalpac. The move will cost an initial €9.5m followed by profit-related payments.
The companies, whose offices are located in Bleiswijk, are leading providers of fresh produce with an emphasis on salad products such as tomatoes, cucumbers and peppers, with customers throughout Europe.
'The management team operate a large and successful business and we are very pleased that we have reached an agreement with them,' said Carl McCann, chairman of Total Produce. 'This will further enhance our spread of business, and the product offering to our customers.'
Haluco and Nedalpac will continue to be managed by Jan van der Lugt, Izaak Havenaar, Johan Hensen and Harry Surminski, who welcomed the deal. 'Haluco and Nedelpac are very happy to be joining the Total Produce Group. We expect this new combination will provide improved added value to help us continue the process of developing our customer and supplier base,' they said.
