The management of Vaessen-Schoemaker, a leading supplier of high value-add functional ingredients based in The Netherlands, has acquired the remaining majority of the company from the firm’s founders. Corporate finance expert Squarefield acted as financial advisor to the buyer.
Founded nearly 70 years ago, Vaessen-Schoemaker nowadays belongs to one of the leading suppliers of innovative functional dry mixes for the poultry, meat, fish and bakery industry with a clear focus on injection, tumbling and filling applications. Its products, supplied from a facility in Deventer, are supplied to manufacturers across The Netherlands and beyond, and are acclaimed for the technology that enable a high level of traceability throughout the supply chain.
Over the past years, Vaessen-Schoemaker has realised strong double digit revenue growth and profitability, and in line with its expansion aspirations for the future the firm’s management decided to finance a buy-in, acquiring the remaining majority of shares from the founding family. “The transaction is in line with managements’ ambitions to become the leading functionality expert in tumbling, injection and filling solutions, and to further grow, both organically and through acquisitions”, states Vaessen-Schoemakerin a press release.
To facilitate the transaction – financial details of the transaction have not been disclosed – the management hired Squarefield, a corporate finance boutique based in Amsterdam with a key focus on the international food & agri industries. Ad de Haas, CEO Vaessen-Schoemaker, on the consultancy’s involvement: “The adequate and professional support of our advisor Squarefield enabled us to acquire the company from the founding family. We are sure to work with them again to further pursue our growth ambition”.