Kennemervis Groep acquired Bobeldijk Food Group

Squarefield acted as exclusive financial advisor to Kennemervis Groep on the acquisition of Bobeldijk Food Group

On 20 May 2020, our client Kennemervis Groep (“KVG”) completed the acquisition of Bobeldijk Food Group (‘’BFG’’), a producer of 100% plant-based products. The acquisition will enable BFG to accelerate growth in its market for plant-based products. KVG and BFG are complementary in their sales channels, and with activities in both fish and plant-based products KVG will now be positioned in two strong growth markets. Remko Vogelenzang will continue to lead BFG within the KVG organisation.

Eugène Scholten, CEO KVG:
‘’We see around us that consumers, markets and customers are constantly on the move. We continuously want to respond optimally to this and see excellent opportunities in letting BFG grow as part of KVG. We are proud to further support the growth of BFG together with Remko and his team.’’

Remko Vogelenzang, Director BFG:
‘’We are very pleased with the transaction with KVG, which allows us to take advantage of the profound knowledge of sales markets within KVG. As part of KVG, we will have the opportunity to significantly accelerate international growth.’’

Kennemervis Groep is a leading fish processing company, part of an international family business, that serves customers with high-quality products and solutions in retail, food service, itinerant and specialty fish shops, and industry. KVG has several offices in the Netherlands and Denmark, with its service office in Spakenburg, the Netherlands.

Bobeldijk Food Group is a rapidly growing player in the vegetarian and vegan shelf, located in Deventer, the Netherlands. BFG continuously produces and develops new products based on high quality and taste standards for various uses, in close collaboration with its customers.

Eugène Scholten – CEO of KVG:Squarefield has supported me and my team in a pleasant and professional way. Good in-depth market knowledge, business understanding, deal intelligence in combination with good relationship skills. Reading the game at the right moments and acting on it, has helped us to close the deal”

2020