The UK’s Kolak Food Snacks has merged with Europe Snacks of France to create a group with annual revenues of about £225m, the companies announced today (10 October).
As manufacturers of savoury snacks for own label brands, the two suppliers have combined their product portfolios with the aim of creating a category leader, with six manufacturing sites across the UK and France set to produce a total of 1.4 billion packs each year, employing about 1,400 people.
“By bringing together Europe Snacks and Kolak, we are moving towards our goal to become the pan-European partner of choice for our customers’ brands, driving innovation across a full range of crisps and snacks,” according to Europe Snacks chief Christophe Fenart, CEO of the newly formed group. “Both businesses share an entrepreneurial spirit and are committed to delivering quality and value.”
The companies will continue to operate under their established names, and Kolak managing director Rikin Lakhani will retain his position. He said he was “very excited about the opportunities this merger presents both nationally and internationally”.
Kolak’s former chairman and CEO, Ashok Lakhani, is set to join the group’s board group as a non-executive director, while the UK company’s co-founder Bharat Lakhani and other shareholders will step back from the business.
Nicolas Eyméoud will continue in his role as managing director of Europe Snacks.
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