Belourthe acquires baby food business of Cerealto Siro Foods
Vincent Crahay has reached an agreement for the acquisition of the “Baby Food Business” of Cerealto Siro Foods
Vincent Crahay, CEO of Belourthe and Ninolac International, has finalized an agreement with Cerealto Siro Foods for the acquisition of its “Baby Food Business”, which includes the “Benavente” plant in Portugal.
For Vincent Crahay: "This acquisition will be very profitable for both companies, the workers, our respective customers and suppliers.
Baby Food is our core business: the synergies we will be able to develop will allow the new structure to consolidate our position as a strategic player at the world level”.
This operation allows to take control of a business in place since 1974 (owned until 2013 by the Nutricia/Danone group), producing prestigious brands for world leaders as well as the NUTRICEAL brand.
The Portuguese plant has a capacity of 10.000T and occupies 73 people.
The desire of the Cerealto Siro Foods Group is to refocus on its flagship products such as biscuits, cereals and pasta.
About BELOURTHE factory
BELOURTHE is a Belgian based company specialized in the manufacturing of infant cereals (20.000 T capacity) and infant milk formulas (10.000 T capacity). From its state-of-the-art baby food processing factory located in Belgium, the company exports to more than 70 countries.
BELOURTHE operates a former Nestlé factory which Vincent Crahay, current CEO, took over in 2006 by a management buy out. Since then, they are one of the world’s only independent baby food manufacturers having the technology, the equipment and the formulations knowledge and able to offer baby food products with the very same quality of the world’s market leaders.
Belourthe produces today for numerous prestigious brands, focussed on the customers, quality and research & development.
In 2014 BELOURTHE was elected “ Enterprise of the Year ”, the highly regarded award by E&Y.
For more information, you can visit the website at the following links:
About CEREALTO SIRO FOODS
Resulting from the merger of Grupo Siro and Cerealto, CEREALTO SIRO FOODS is a multinational company that manufactures cereals based food products for supermarkets and B2B, with a focus on innovation and with a high development potential in multiple markets.
Their business model is focused on the consumer, quality, innovation in products and processes and operational excellence.
For more information, you can visit the website : https://www.cerealtosirofoods.com/