Orkla Food Ingredients acquires Vamo
Vamo, which manufactures specialised concentrates and ingredient mixes for manufacturers of artisan and industrial bakery products, had a turnover of EUR 12.4 million (approx. NOK 120 million) in 2018 and EBIT of EUR 1.6 million (approx. NOK 15 million).
Corn-based products
The company is also known in the Benelux region for special ingredients for corn-based products, a segment that has seen growth in Europe over the past few years.
Orkla Food Ingredients is strongly positioned as a supplier of bakery ingredients and ice cream accessories in the Nordic region and selected countries in Europe.
“Vamo is a well-run company with a good customer base and a product portfolio that is a good fit with Sonneveld,” said Peter Verhagen, CEO, Sonneveld.
“The acquisition of Vamo will complement Sonneveld’s position as a supplier of ingredients and accessories to the bakery market.”
Quattro Enzymes Solutions
Vamo was established in 1963 and has 20 employees. The company’s headquarters and production facilities are in Duiven, the Netherlands.
Vamo is currently owned by two private shareholders who jointly head the company. The owners also hold a 20% stake in Quattro Enzymes Solutions, in which Sonneveld owns a 60% interest.
