Hadecoup acquires Le Vesuve

Hadecoup, part of Nic Group and a subsidiary of Orkla Food Ingredients («OFI»), has signed and completed an agreement to acquire 100% of the shares in Biscuiterie Le Vesuve bv (“Le Vesuve”) from its current owners.

Le Vesuve is a producer of ice cream cones and distributor of ice cream ingredients and accessories in Belgium, providing a broad offering to local independent ice cream parlours while also supplying ice cream chains and wholesalers. The company was founded in 1931, has 8 FTEs and has experienced strong growth in recent years following investments in production equipment.

“The acquisition of Le Vesuve will establish a larger organisation for Nic in Belgium in which key individuals will have more time to focus on value-adding activities. By combining Hadecoup and Le Vesuve, we will extract growth synergies by improving customer service, product range and innovation,” said Nic Group Business Development Director, Carl Diepenbroek, and Hadecoup CEO, Steve Follon, in a joint statement.

“I am proud of what Le Vesuve has accomplished over the past few years in becoming one of the leading suppliers of ice cream ingredients and accessories in Belgium. By joining forces with Hadecoup and the Nic system, we will have the organisational capacity and commercial capabilities to grow the business further. I look forward to continuing working in Le Vesuve as part of a larger system during this exciting next phase,” says Le Vesuve co-owner and CEO Albertino Hebbelinck.

The parties have agreed to keep the purchase price confidential.

About Orkla Food Ingredients

Orkla Food Ingredients (“OFI”) supplies ingredients to a broad range of customers in the bakery, ice cream and plant-based markets, and has a leading position in Europe and a platform for growth in the USA. Important sales channels include industrial manufacturers that chiefly manufacture and supply products to the grocery channel, the Out of Home channel, for example through artisanal bakeries and ice cream kiosks, and direct sales to consumers. The biggest product categories are bread and cake improvers and mixes, yeast, marzipan, ice cream ingredients and margarine and butter blends.

About Nic Group

Nic Group (“Nic”) is one of eleven business units in OFI and is the leading ice cream ingredients and accessories player in Europe, with strong market positions in the Nordics, Benelux, UK and Germany. Nic has a one-stop-shop business model and supplies customers in categories such as sprinkles, waffles, accessories, soft ice, slush and gelato.