Friday 30 October 2020

Dutch lunch spread company Johma is up for sale for €600m: FD

Photo: OpenFoodFacts.org

British investment house IK Investment Partners has put Dutch spread maker Johma up for sale, sources have told the Financieele Dagblad.

The paper said its sources suggest IK is hoping to get at least €600m for Signature Foods, the parent company of Johma, which makes Dutch lunch staples such as curried chicken salad for on bread.

If the company is sold, it will be the biggest deal involving a Dutch company of the autumn so far, the FD said.

Johma, named after the founder Johan Schreur and his son Martinus, was launchd in 1968 and was bought by Heinz in 1984. Since then it has passed through a string of British and Dutch private equity owners. IK Investment Partners paid €285m for the company in 2015.

Signature Foods, which also owns snack maker Topking, booked sales of €292m in its 2019/20 book year, the FD said.

Neither company would comment on the sale.

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