Gimv, a prominent Belgian private-equity investor, has successfully acquired a majority stake in The Spice Factory (TSF) from Gilde Equity Management and Davy De Muyer.
Details surrounding the financial terms of this transaction remain undisclosed.
As part of this strategic investment, Gimv announced that Jorgen De Pelsmaeker, TSF CEO, alongside the management team, will reinvest in the company. This move comes as TSF prepares to enter its next phase of growth.
With Gimv’s support, TSF aims to strengthen its market position and extend its international footprint.
Commenting on the collaboration, De Pelsmaeker stated that Gimv’s investment would help “accelerate our international growth, both organically and through selective buy-and-build, while continuing to innovate and create value for our customers.”
Furthermore, Gimv indicated that TSF will leverage its “production flexibility” as well as its capability to provide “innovative” and “customer-driven solutions” for retail and foodservice clientele.
Founded in Braine l’Alleud, Belgium, TSF specializes in the manufacturing of private-label dried culinary herbs and spices within the Benelux region.
The company delivers customized spice solutions tailored to the needs of retailers and foodservice businesses.
In addition, TSF has a branded foodservice division operating under the ISFI brand.
Moreover, TSF markets Funky Soul Spices, a distinctive line of spice blends influenced by street food and global culinary traditions.
Gimv Consumer team partner David De Peuter and principal Laurens Boriale remarked: “This acquisition is a first step in putting to work the capital Gimv recently raised, supporting Gimv consumer’s strategy to invest in leading consumer businesses with strong growth potential to scale internationally and further enhance their market differentiation.”
This transaction is expected to finalize by the end of March, pending regulatory approvals.
Notably, Gimv’s food portfolio also includes Greenyard Foods, a leading company specializing in the processing and marketing of freshly harvested vegetables and fruits, along with producing convenient, ready-to-use culinary products.
Theglobal food company operates through two main divisions: Frozen (Pinguin) and canned (Noliko).
